All Forum Posts by: Tom Dausch

@Chris Masonthanks Chris, this was very helpful. 

@Jerry W. thank you, yes the home is in the 170k range, I'm not the savviest when it comes to financing, so I can just ask the bank to give us a regular mortgage on the property? I'm guessing they would probably be interested in financing 80% of it. 

Hey Yinz, (Pittsburgh Slang)

My business partner and I have a property that we are rehabbing and getting ready to rent that we own free and clear. We are considering looking to pull some money out of it for another deal and need some advice. We have all of our properties in an LLC and we typically finance them with 20% down on a 15 or 30 year fixed rate. I was wondering what type of financing we should be looking for and what should we ask the bank for (HELOC??) and what are good interest rates and are they typically fixed rates? I just want to get some recommendations before speaking with the banks.

Thank you