Cash out on investment properties.

Cash out on investment properties.

Investor · Alabaster, AL · Member since 2016 · 280 posts · 88 votes

Your thoughts and ideas on my situation please. I own some free and clear properties.  My credit has been hurt by some personal situations. I'm looking to  cash out, of course with a line position to the lender at 60 to 80 percent of appraised value. I see this as a win win, the lender gets interst, and I get to move on to my next  real Estate project.... any one know any willing to consider this? I'm in AL. Thanks for any and all input.

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  • Investor · Alabaster, AL · Member since 2016 · 280 posts · 88 votes
    10y

    First lien position...not line..

  • Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    10y

    Hello Christine,

    I may be able to point you in the right direction. Where are the properties located? IF you could inbox me your credit score and credit issues it would be helpful.

  • Investor · Alabaster, AL · Member since 2016 · 280 posts · 88 votes
    10y

    Thanks, I'll email you. 

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