Taking out a second mortgage on investment property?
Howdy BP folks! Last year I took out 154K cash out refi on a fully owned property. Property value 330K, was approved for 210K. Left the remaining in the house because we assumed we wouldn't need it. Looking back now, it was a newbie mistake. I had been thinking like a saver (take out as little debt as possible, pay down fast) instead of an investor.
Would it be possible to take out a second cash out refi to tap into the remaining equity?