Updated almost 6 years ago on . Most recent reply
Borrow against my investment property
I have been running into dead ends when looking to take equity out of my 1st investment property I own outright(no mortgage)it's 6 units an mostly all banks will only refinance 4 units???HELOC are starting at way too high a rate
Most Popular Reply
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
- 15,973
- Votes |
- 12,943
- Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I believe you will need a commercial loan for multifamily over 4 units. Try finding a commercial lender.