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Private Lending & Conventional Mortgage Advice

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Andrew R.
  • Rental Property Investor
  • Santa Barbara, CA
38
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74
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Strategies to Re-fi a turnkey rental?

Andrew R.
  • Rental Property Investor
  • Santa Barbara, CA
Posted Sep 22 2016, 16:44

Since my turnkey rental was already rehabbed, I can't just fix it up and improve the appraised value quickly. So what's the strategy for how/when to refi a turnkey rental to get some cash out of the equity? Can I take a HELOC ? Or cash-out refi? Are there rules? I have a conventional 30year fixed mortgage on the property, purchased a few months ago. Looking ahead for my next move. Thanks all!

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