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Updated over 9 years ago,
How to pull Equity from Investment Property
BP folks,
I am looking for some guidance on a current issue. I have an investment property that I need to pull equity out of. I asked for some financing to purchase and rehab it and now it is coming due.
I wanted to get suggestions on how to pull equity from the property. I own the property outright, but I only had it for 3 months. I know that I can't get a mortgage on it or a line of credit until I had for 6 months minimum (Texas). I know I could flip it, but I rather keep it as a rental.
Any suggestions on how to pull equity out of it?
I would appreciate any help or guidance!