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Updated almost 6 years ago on . Most recent reply

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44
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3
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Candace Price
3
Votes |
44
Posts

Traditional loan or line of credit

Candace Price
Posted

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!!

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