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Updated almost 8 years ago,

User Stats

8
Posts
3
Votes
Chris Mancini
  • Real Estate Agent
  • Washington DC / Virginia
3
Votes |
8
Posts

Is there a way to...?

Chris Mancini
  • Real Estate Agent
  • Washington DC / Virginia
Posted

BP,

Has anyone found a way to get a consolidated line of credit based off the equity they have in multiple rental properties?  For example, say someone has 2 rental properties with 50k equity in each and you wanted to pull that equity out without going through a typical Cash-out-refi.  Is there a bank or lender that anyone has found to do this? Most of the banks i have spoken with, large and small, would only be willing to do so if the property is a primary or vacation home, not with rental properties.  

Thanks.

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