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Updated over 1 year ago on . Most recent reply

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Michael Hague
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ADU cash out or financing

Michael Hague
Posted

Hello, I am building an adu to rent out and am wondering if anyone has ever done a cash out refi or how they funded this?

if I build with cash, I’d like to get most of my money back out.

appreciate any insight!

Mike 

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Replied

@Michael Hague so here are some options:

1) Cash out Refi a property owned

2) HELOC

3) If the cost if over $100K it opens up other loan options.

What state? as not all states have easy HELOCs

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