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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesLoan Advice for CashOut on Rental property
Larry Leisure's profile image
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Larry Leisure
  • Member since Apr 11, 2020
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Larry Leisure's profile image
Larry Leisure's profile image
Larry Leisure
  • Member since Apr 11, 2020
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Larry Leisure
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General Landlording & Rental Properties

Loan Advice for CashOut on Rental property

Larry Leisure
Posted Apr 11 2020, 01:25

I own two properties free and clear: 

a Primary residence appraised at 1.5 million, and a rental property valued at $535K. Both are free and clear.

My rental property brings in $60K gross every year through AirBnB.

I have perfect credit, very little debt, but due to COVID, lenders have stopped Non QM lending. Looking to pull $150K out of my investment property w bank statements.

anyone have any advice? Funds would be used for home improvement and pay of a $30 Auto Loan.



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