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Traditional loan or line of credit
I have few properties that I recently bought with all cash, for roughly $1 million, the appraisal came at $1.5 million.
So what would be my best strategy to cash out?
I talked with some bank, they will lend 75% of the purchased price.
But it would be really good if I can get 80-85% of the appraised value, and use that cash to buy additional properties.
What do you guys recommend any ideas or suggestions for me?
Thanks in advance!!