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Updated over 5 years ago,

User Stats

34
Posts
12
Votes
Kyle Bethune
  • Valrico, FL
12
Votes |
34
Posts

Best way to Borrow against a rental?

Kyle Bethune
  • Valrico, FL
Posted

I have a 8 unit multi family property.

1 single family home

2 duplexes

3 mobile homes all on 2.5 acres of land.

Grosses $6500 a month.

I own the property free and clear. I’ve had it for almost 3 years. Excellent rent history, rarely a vacancy. I would estimate its value at $500,000.

My question is what is the best way, and easiest way to borrow money against this property? I am needing the capital to help expand another business that I own that is exploding. Thanks in advance!

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