Line of Credit on Paid off Rental Properties?

Line of Credit on Paid off Rental Properties?

Rental Property Investor · Collingswood, NJ · Member since 2013 · 171 posts · 61 votes

I am wondering if anyone knows of any lenders currently offering a line of credit against paid off rental properties. I ask because I am looking to get one somewhere between $500k to $1mm on up to nine rental properties. The properties are located in Atlanta and Tampa. I reside outside both of those metropolitan areas. Thank you in advance to anyone who is able to point me in the right direction.

0Reply
27 views

2 Replies

Jump to latestLatest
  • JD MartinBusiness Member
    Moderator
    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 17k+ votes
    5y

    @Chris Mason I bet has some ideas..

    Skyline Properties
    View Page
  • Real Estate Agent · Atlanta, GA · Member since 2014 · 683 posts · 317 votes
    5y

    @Rick C. I think a lot of lenders are able to do a cash out finance for you. I might have someone who can give you more detailed options.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.