Updated over 9 years ago on . Most recent reply
Obtaining Loans Against Free and Clear Property
I am looking to invest in rehab properties and am looking or some extra cash to finance a deal. I own raw land and also other land with a rented manufactured home on it. Both properties free and clear. What are some possible ways to get some cash out of these properties? I fear that I have maximized my borrowing power with the loan I have on my primary residence. The property with the manufactured home has been rented since I have owned it over the last two years with no vacancies if that matters at all. Looking for the cheapest solution, of course. Looking forward to hearing about some options I might have. Thank you!