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Private Lending & Conventional Mortgage Advice

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Philip L.
  • Wholesaler
  • Florida
52
Votes |
180
Posts

Cash Out Refi Options

Philip L.
  • Wholesaler
  • Florida
Posted Sep 23 2022, 12:17

Got a property in Michigan with no debt, has tenant - I normally use DSCR loans but loan costs and interest rates seem excessive right now.

Spoke with all the local credit unions and banks none of them are willing to do a cash out under an LLC

Questions are 
1. What other options do I have?
2. Are most just taking personal loans then transferring over to LLC's?

All help and advice appreciated thanks

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