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Updated over 3 years ago on . Most recent reply

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Kenneth Mims
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13
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How to cash out of my properties

Kenneth Mims
Posted

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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Aaron K.
  • Specialist
  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

@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.

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