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I need the best advice on how to pull equity out of an existing rental property to purchase more rental property?

I would like to know if this is possible? My rental property that I refer to is paid off if that makes a difference. by ParkerPrell936 from San Francisco, California. Jan 27th 2017 Reply


BRETT TYSON (brett@emortgage.loans)
#1487 ranked lender in California - 3 contributions

You could do a cash out refinance on the property to pull out equity. You can go up to 75% of the value of the home on a cash out refinance for an investment property. I'm happy to answer any more of your questions, feel free to call me directly at 858-373-7280 or email me at Brett@emortgage.loans. Thanks!Brett Tyson

Jan 27th 2017
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BRETT TYSON (brett@emortgage.loans)
#1487 ranked lender in California - 3 contributions

Hi ParkerYou can do a cash out refinance up to 75% of the value of your investment property to be used to purchase an additional property. You would have to meet credit and income ratios in order to qualify. I'm happy to take a look at your scenario and let you know what we can offer you. You can call me anytime at 858-373-7280 or email me at brett@emortgage.loansHope that helps!

Jan 27th 2017
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Lisa Sorensen (texashomemortgages@gmail.com)
#1496 ranked lender in California - 3 contributions

There are products available that will allow that type of situation. Unfortunately, they don't have the best rates or terms. If you can deal with a little higher interest rate and maybe an ARM or balloon, you can make it happen.

Jan 27th 2017
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Lisa Sorensen (texashomemortgages@gmail.com)
#1496 ranked lender in California - 3 contributions

There are products available that allow that type of situation. They may not have the best rates available or the best terms. But if you can deal with that, you can make that happen.

Jan 27th 2017
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Dorothy Pang (pangdorothy@gmail.com)
#1490 ranked lender in California - 2 contributions

Hello ParkerPrell936. You could do a refinance cash-out on the rental property. I would love to provide you more information about this over the phone. Please feel free to give me a call at 626-716-6798. Speak soon! - Dorothy Pang

Jan 27th 2017
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Dorothy Pang (pangdorothy@gmail.com)
#1490 ranked lender in California - 2 contributions

Hello ParkerPrell936, Yes, it is possible depending on your financials, credit history and the property itself. You could do a refinance cash out on the rental property. I would love to provide you more information over the phone. Please feel free to give me a call at 626-716-6798. Speak soon!Regards,Dorothy

Jan 27th 2017
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Joanne Bragg (joanne_bragg@yahoo.com)
#1103 ranked lender in California - 2 contributions

sure you can pull out cash up to 75% of the value of the property rental property to buy another rental property. Its fairly easy to do. I can help you structure the transactions. I can give you a call or you can call me at 877-643-0759 Joanne at Independent Properties

Jan 27th 2017
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Larry Gray (lgray_312_247)
#565 ranked lender in California - 1,127 contributions

It looks like you received a number of comments regarding the possibility of doing a cash-out refinance to 75% of the value. We also specialize in loans for property investors who may need to qualify by the cash flow from the properties and not on the net for personal income tax. If you could still use a good evaluation and quotes from this long time mortgage planner pleas contact me via my profile.

Jan 31st 2017
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