All Forum Posts by: Jeremy Porter
Jeremy Porter has started 1 posts and replied 2 times.
Post: How to get cash out of a property you bought 3 months ago for cash.
Jeremy PorterPosted
- Posts 2
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dscr told me i can only get what property purchase price plus rehab and not 70-80% of appraisal.
Post: How to get cash out of a property you bought 3 months ago for cash.
Jeremy PorterPosted
- Posts 2
- Votes 2
I have a condo I recently acquired that I own outright. I am wanting to pull cash out of it. My issue I am running into is I recently switched into real estate full time so I do not have a w2. My credit is good/excellent. I am wanting to just pull 100k out and it should appraise for 140-155k. Part of the issue I am experience is a DSCR company I spoke to will only give what I acquired the property for plus the rehab cast. I acquired the property in a unique via trade of a different property I owned.
Does anyone have a solution?