HELOC or Cash out Refi in Broward County

[Michelle Hall]

Hi BP community,

I own an investment condo in Fort Lauderdale that hasn't sold in a few months. Was considering doing a HELOC or cash out refi to move on to my next property.

Any credit unions or lenders with good rate that anyone can suggest in south florida?

[Ray Hage]

Quote from @Michelle Hall:

Hi BP community,

I own an investment condo in Fort Lauderdale that hasn't sold in a few months. Was considering doing a HELOC or cash out refi to move on to my next property.

Any credit unions or lenders with good rate that anyone can suggest in south florida?

Tough time to sell a condo as inventory is crazy high and unfortunately, going to get higher as they keep building. Is it possible to significantly lower the price and still make a decent profit on it? Aim for the DSCR loan if possible. @Ash Hegde, would that be the way to go?