Taking out a loan on property I bought with cash
I now own three properties, the last two purchased with cash and the first has a paid off mortgage. The first was my primary and the next was my second home and the third is a multi family and I live on the first floor. I alternately think about selling or renting one or both of the first two properties. One thing I have not spent enough time considering is trying to take a loan to get the cash out, then renting. Is this possible? What type of loan?
Thanks.