I would even suggest a Primary home or Vacation home to pull the cash out of versus trying to find a lender who will agree to be in 2nd lien position behind a investment property.

21 days after reading this post and taking action, I got my first booking.com guest, but for a stay that will be in May next year.  

I’m looking to pull equity from a property, but I have a great interest rate that I don’t want to lose.

Hello Joshua, we invest in West Texas area, all short-term rentals (4 1/2 years experience).

Quote from @Evan Malburg: Hey BP Community, I'm new to investing, but not new to real estate.

Spring may be better but I was unable to sell a cheap house in October for 5% off of “market value” and only sold a $600k home in January by listing it for $580k and I still only got one offer. ($150k down, 5 year seller financing.) my point being you may get $20-$40k more in a year if you don’t need to sell. 

@Karl Markarian Welcome to the community!! 

The only reason we don't qualify for traditional lending is because I took some time off to help my terminally ill father, and my husband has been in a commission-based role for less than a year (the lender said you need 2 years of history for that).

I've been on this platform for about a year, and while I find it extremely useful, i feel as though some of the leaders in the forums are thinking too black and white and potentially shutting down excited new investors. 

The PFS is strong but I think most of it stems from building a relationship over several years.