All Forum Posts by: Stephanie Crawford

Yeah, it's just SO much work. I have 500k in equity in my primary home and probably a million in equity on my investment properties. One of which is owned free-and-clear. They want this for every home. There must be an easier option. Who has this much time?

I need to pull out about 100K from my personal residence for a project. I just started an application with Bank of America, which is where I do my banking, but damn, they want a complete application with records on all six of my properties, P&L statements, insurance riders, and the whole nine yards. This seems like overkill for a line of credit. 

Wondering if there is a simpler way. Any tips? I'm in Tennessee. It must be a "line of credit" where I can make draws, and not a home equity loan. 
Thanks! 

I have a rental property in Nashville, TN that I own free and clear. Are there any banks out there that will offer a revolving line of credit on an investment property? 65% should be sufficient. I don't want a commercial loan with a one-year call. I'd prefer something with a longer window as I don't yet know what I'm going to do with the money. I just want fast access to cash when an opportunity presents itself. 

Thanks!