How can I expand this by leveraging my assets?
Hi,
I currently own 3 properties.
2 are full paid off and are being rented. Total net worth about $800k.
Rent per month: $3150
1 owner occupied property with a lien of about $188K.
How can i use my properties to secure loans to purchase more property? I tried to take out a HELOC but my units have too many rentals and did not qualify from a bank.
Would I have the same difficulty if i tried to do a Cash Out refinance on one of the properties?
Thank for your comments in advance!