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Updated almost 7 years ago on . Most recent reply

User Stats

52
Posts
13
Votes
Sunny A.
  • Real Estate Agent
  • South Jersey and Philadelphia, PA
13
Votes |
52
Posts

How to get access to equity?

Sunny A.
  • Real Estate Agent
  • South Jersey and Philadelphia, PA
Posted

I recently closed on a single family house. I am currently using it as short term rental. I bought this under a LLC and paid all cash.

My question is how can I tap into the equity I have ?

Most Popular Reply

User Stats

835
Posts
796
Votes
Jonathan Taylor Smith
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
796
Votes |
835
Posts
Jonathan Taylor Smith
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
Replied

@Sunny A. - There is a method called "Delayed Financing" that applies when a property was recently purchased with cash. You can potentially pull out 75% of Appraised Value or 100% of HUD (whichever is lower).

  • Jonathan Taylor Smith
business profile image
Blue Chariot Realty & Management
4.9 stars
15 Reviews

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