Updated over 10 years ago on . Most recent reply
Cash-Out on House with Equity
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).