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Rehabbing & House Flipping

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Jaime Arredondo
  • Houston, TX
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How to pull Equity from Investment Property

Jaime Arredondo
  • Houston, TX
Posted Sep 24 2015, 18:15

BP folks,

I am looking for some guidance on a current issue. I have an investment property that I need to pull equity out of. I asked for some financing to purchase and rehab it and now it is coming due. 

I wanted to get suggestions on how to pull equity from the property. I own the property outright, but I only had it for 3 months. I know that I can't get a mortgage on it or a line of credit until I had for 6 months minimum (Texas). I know I could flip it, but I rather keep it as a rental.

Any suggestions on how to pull equity out of it?

I would appreciate any help or guidance!

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