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Updated about 4 years ago on . Most recent reply

Salvador Figueroa's profile image
Salvador Figueroa's profile image
Salvador Figueroa
  • Investor
  • from La Habra, CA
  • Member since Jul 21, 2021
  • Posts 6
  • Votes 2
  • Experience 4 Yrs
  • Investments 1

User Stats

6
Posts
2
Votes
Salvador Figueroa's profile image
Salvador Figueroa's profile image
Salvador Figueroa
  • Investor
  • from La Habra, CA
  • Member since Jul 21, 2021
  • Posts 6
  • Votes 2
  • Experience 4 Yrs
  • Investments 1
Salvador Figueroa
  • Investor
  • La Habra, CA
2
Votes |
6
Posts
Private Lending & Conventional Mortgage Advice

Taking equity out of a rental property?

Salvador Figueroa
  • Investor
  • La Habra, CA
Posted

So I am trying to take equity out of a rental property but the lender informed me that I can only do that if its my primary residence or a second home. Is there any other way to withdraw the equity? Is a cash out refinance my only option?

Upon doing this I will have around 100K to use as my down payment for a hard money loan to start my first BRRRR. Any suggestions or tips please advise.

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