How to cash out of my properties
I was hoping to get a little advice on cashing out the equity in some of my properties. I own several that are paid off and have steady tenants in them for many years. I was hoping to group the properties together and get the equity out of them for another business adventure. When I talk to the lender, what exactly should I say or ask? this is the first time that I will be taking equity out of my properties. Thanks in advance
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@Kenneth Mims you would be looking for a blanket loan, however if you don't need the additional mortgage slots it may be better to refinance them each individually, but it will depend on many factors including the lender.