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Best way to Cash out with high DTI?
I need to pull cash out of a property. I own one free and clear(around 425K). Which currently does not have a renter due to Power company messing up the yard and sewage system. Primary has around 300K equity, and different rental (has renter) only about 50k equity (about 70% LTV). I want to pull cash out to consolidate debt and fund another property (Not listed above due to being in LLC) I just finished renovating until it is able to fund its self. I need about 150K cash out but my DTI is not able to support doing a HELOC (at least not enough to warrant doing one).
What is my best option to get at least 150K cash out?
1.Try to DSCR the free and clear property?
2. Get Hard money loan to pay off debts while I get HELOC either on Free and Clear
2a. or the primary
3. Other….