Investment Property - Cash out

[Santosh Prabakar]

Hello,

I have an investment property in cedar park, TX which I bought couple of years back with cash. I would like to pull $100K from the property to address some urgent items. I was told TX doesn't allow HELOC on investment properties. What other options do I have to pull cash out. Pls advise.

Thanks!

[Robin Simon]

I'd agree with the above commentators - a Cash-Out Refinance loan with a local DSCR lender is likely your best bet