I have checked with Wells Fargo where we bank they say they do not provide investment property loans.Thanks in advance.

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.

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

You run a background check and verify application and you make them both liable for all rent. 

I’d love to hear more about your goals and how you’re planning to use your license to grow.Wishing you all the best on this journey—feel free to reach out if you ever want to connect or chat strategy! 

Feel free to reach out for more details.

I enquired about the HELOC on the rental property and I am not getting good terms that work out.

I would take out a private loan on the paid off property to get the other one squared away

I used the background and credit checks offered through Cozy. 

If I refi cash out I can probably only get about $50k out of the investment property, any ideas on another way to get the amount I need that I may not be thinking of?