Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

Are the HML not good options or you believe that 75% is too low?

You can purchase this with a low-money-down FHA loan. 

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

Low risk investments sell at a premium, that's the whole idea of cap rates.

And as I explained earlier, your investment is protected by real property, so your risk is extremely low. 

Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income.

These range low 500s to the mid 600s.  

I joined this community because I want to get my hands dirty and not just meet people online but form some real connections and try to provide value back to those that are willing to offer me advise and guidance, and even encouragement.So, this is my current situation:Back in 2020 I was one of the fortunate ones who purchased real estate when prices were still low (compared to today) and interest rates where at 3% or below.

If there is a property manager, your success rate is going to be very low.