Updated about 7 years ago on . Most recent reply
Pulling equity out of rental properties
Any tips on the best ways to pull out equity from rental properties? I own 5 free and clear all around 200K. I want to leverage up. Been turned down for HELOCs as I own too many properties (their reasoning, despite 800+ credit score) Cash out refis seem to cost a lot on fees, especially on 5 properties. Best rate I'm being quoted at the moment is 5.75 for 30year fixed with Crosscountry Mortgage. Any tips or advice? Thanks