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Updated almost 9 years ago on . Most recent reply

User Stats

16
Posts
4
Votes
Bobby Ritter
  • Accountant
  • Dracut, MA
4
Votes |
16
Posts

Obtaining Loans Against Free and Clear Property

Bobby Ritter
  • Accountant
  • Dracut, MA
Posted

I am looking to invest in rehab properties and am looking or some extra cash to finance a deal.  I own raw land and also other land with a rented manufactured home on it.  Both properties free and clear.  What are some possible ways to get some cash out of these properties?  I fear that I have maximized my borrowing power with the loan I have on my primary residence.  The property with the manufactured home has been rented since I have owned it over the last two years with no vacancies if that matters at all.  Looking for the cheapest solution, of course.  Looking forward to hearing about some options I might have.  Thank you!

  • Bobby Ritter
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