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All Forum Posts by: Jeremy Porter

Jeremy Porter has started 1 posts and replied 2 times.

Private Lending & Conventional Mortgage Advice

Post: How to get cash out of a property you bought 3 months ago for cash.

Jeremy PorterPosted
  • Posts 2
  • Votes 2

dscr told me i can only get what property purchase price plus rehab and not 70-80% of appraisal. 

0 Votes
Little Rock, Arkansas
Private Lending & Conventional Mortgage Advice

Post: How to get cash out of a property you bought 3 months ago for cash.

Jeremy PorterPosted
  • Posts 2
  • Votes 2

I have a condo I recently acquired that I own outright. I am wanting to pull cash out of it. My issue I am running into is I recently switched into real estate full time so I do not have a w2. My credit is good/excellent. I am wanting to just pull 100k out and it should appraise for 140-155k. Part of the issue I am experience is a DSCR company I spoke to will only give what I acquired the property for plus the rehab cast. I acquired the property in a unique via trade of a different property I owned.

Does anyone have a solution?

2 Votes
Little Rock, Arkansas