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Updated over 8 years ago on . Most recent reply

User Stats

37
Posts
22
Votes
Lindsay McLaughlin
  • Real Estate Entrepreneur
  • Liberty Twp., OH
22
Votes |
37
Posts

Need refi on rental properties

Lindsay McLaughlin
  • Real Estate Entrepreneur
  • Liberty Twp., OH
Posted

Hi, I have just a few rental properties I am looking to get a refi on. I own them outright and need my cash back out of them.  They are homes in great shape but not real expensive ...anyone know of a lender that I can use to get this refi at a decent rate? Thanks so much.

Lindsay

Most Popular Reply

User Stats

121
Posts
65
Votes
Susan M.
  • Investor
  • Columbus, OH
65
Votes |
121
Posts
Susan M.
  • Investor
  • Columbus, OH
Replied

I've had difficulty with the same thing. My property values are low, in the 40s, so no one wants to touch them for a typical refi. I did end up getting a commercial LOC from Kemba financial credit union but it was a lot of work to get it.

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