Looking for some creative financing to pull money out of rental
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.