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Updated over 2 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Lauren Rodriguez
1
Votes |
3
Posts

HELOC on Investment Property?

Lauren Rodriguez
Posted

I'm looking for a way to pull cash out of a SFH I have on a LTR to invest in other real estate deals. I don't want to do a cash-out refi due to the fact that it's got a 3% interest rate on it right now and bringing in $800/mo. Any lender recommendations or advice on this?

Thanks!!

* I am a lender, we don't offer any sort of options or solutions for what I am wanting to do and I cannot broker this out with my company. 

Most Popular Reply

User Stats

15
Posts
9
Votes
Edward Tindale
  • Lender
  • St. Petersburg, FL
9
Votes |
15
Posts
Edward Tindale
  • Lender
  • St. Petersburg, FL
Replied

Hi @Lauren Rodriguez. I would reach out to @Raymond J. Rodrigues for suggestions on this situation. He's has a lot of experience with HELOCs. 

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