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Creative Real Estate Financing

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Rich Lopes
  • Rental Property Investor
  • San Jose, CA
54
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114
Posts

Looking for some creative financing to pull money out of rental

Rich Lopes
  • Rental Property Investor
  • San Jose, CA
Posted Sep 26 2016, 16:09

Hi 

Looking for advice on the following scenario:

1. Currently own a rental property worth about 1.3M. Owe about 600K on this property on a 30 yr fixed @ 3.75% with 27 years to go. Rental history of 4 years with current Rent of $3900 / month.

2. Looking to do cash out refi and take out about 300 - 400K for a down payment to buy SFH for a primary residence. Currently living in a rental.

3. What are some of my best options in terms of financing? 

Hope to you hear from some creative financing gurus. TIA.

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