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Updated over 9 years ago,

User Stats

153
Posts
53
Votes
Steven Segal
  • Rental Property Investor
  • Leucadia, CA
53
Votes |
153
Posts

Cash-Out on House with Equity

Steven Segal
  • Rental Property Investor
  • Leucadia, CA
Posted

Purchased a house for 158K. Decent size rehab and all-in at 225K. The house is worth about 250K. Obviously, no room to flip it - although some equity. I would like to cash out on it and move to the next one. No mortgage or liens on the property.

However, I don't have the stated income last year to support this refinance (even tho it is a super safe investment). It is also in an LLC and people don't seem to like that. I'm not opposed to a personal guarantee - and I have significant personal assets.

Does anyone have any ideas or have a contact for somebody who would be able to do a cash-out? Looking for minimum 60% LTV (higher if possible).

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