Best way to pull cash out of rental property?

[Kev Li]

Hello, I have a rental property that is 100% paid off with no outstanding mortgage, and the property located in a northeast state. I am currently living in the southwest. I am hoping to pull pull out the cash from the home to make a large purchase. but i've run into several issues when I apply for HELOC

1. the home is a a rental and the banks/credit unions don't allow HELOCS on rental properties

2. as mentioned the property is in the Northwest and I live in the southwest. So when I go to a credit union local to me, they dont allow me to do a HELOC because located in different states.

so may I please ask if there are any suggestions on what is the best way to pull money out in this situation from the rental home? Thank you.

[Brandon Croucier]

A DSCR Product is what you are looking for, DSCR Loans aren't based off of your income, they do not report on your personal credit and they are beating conventional investment rates in most cases. Would love to connect!