Hi all, 

I am looking for some advice on getting some cash out of my rental property to use in going after the next property. I've been looking at the different options out there (HELOC, DSCR, Refi, etc..) and would like to leverage my current property instead of getting a personal/hard money loan. The property is valued at 160k and there is 112K on the morgage. I would like to get 15K-25K out of the property (small amount I know). I can also pay down the morgage more if there is a loan minimum if needed. While I can get a direct money loan or continue to save up that isn't leveraging what I already have in my current property.

I've talked with 3 different lenders so far and the max LTV they would do is 70% on an investment property in my name. Which I find surprising becasue based on google searching I've been lead to believe there should be 75%-80% LTV's avaliable. One lender specifically said they do 80% LTV on a rental property and then when it went to underwritting they said it's always 70% max...

I also would accept less favorable terms because I will be paying the loan off within 6-12 months. Any advice on lenders to look at, other ways to get the cash out, or other options to consider is welcomed. Thank you