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Updated about 10 years ago on . Most recent reply

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Dustin S.
  • Investor
  • Boise ID
25
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113
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Stripping Equity

Dustin S.
  • Investor
  • Boise ID
Posted

Hi all I have a property the I purchased 6ish years ago with a conventioal 20% down loan. Since then teh property has appreciated considerable. I refied a couple of years ago an pulled out my initial capital but now i have over 50% equity in the property and since the last refi I have aquired several more properties with similar financing. with that many conventioanl loans no bank even wants to talk to me about cash out refi's are there any other options for cheap money i could use for more investnents?

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Elizabeth Colegrove
  • Hanford, CA
1,833
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Elizabeth Colegrove
  • Hanford, CA
Replied

what about a home equity line? This wa you could leave your orginally financing alone and tap the equity this way?

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