Equity Lines On Rental's
My question is can I pull equity out of rentals and bring the equity line up to 100%ltv?.I would like to know some lenders that do this as well. I have a duplex with 190k note and it will appraise at 255, I have a condo that will appraise at 123k note is 75. I see some good cash sitting there wanting me to buy more properties with it!
not too many lenders will do non-owner occupied properties to 100%. what state are you in?
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I live in az.
I guess if it's so difficult it makes more sense to either refi and pull money or purchase them with very little down.