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Updated over 7 years ago,
How to take Equity out of Rental House with refinance
I am looking for help! I have a rental property in Overland Park, KS with about 100,000 in equity. I have held it for 6 years now and it is cash flowing very well. I have a great interest rate and don't want to refinance. I've gone to a local bank but they will only do a HELOC on the house I live in.
Is there any way to get a line of credit on a rental house's equity? I don't think it makes sense to refinance so looking for other options as I'm trying to use the equity to work on another rental.
Thanks,
Josh Ibarra