Bought Property...now I Need Cash!
Just bought my first property. It's very livable and gives me a $200/month cash flow. Would like to get some cash for it via home improvement, hard money or LOC. Plan on using some money for the house and some for the next purchase. What type of loan would give me the largest amount while keeping the property from going negative? 
your best bet, may be a home equity, if you have it, what ever you house it worth, subtract what you got it for, and thats your equity, Banks (most anyway) will finance up to 100% of the homes value, so use your equity to fix up.
Eric
[addsig]
Believe he meant to say, subtract your existing loan(s) balance from the current value or purchase price if unseasoned (<1 yr), remainder is your equity...my exp. has revealed lenders unwilling to lend beyond 80% of value or purchase price...obviously what you might pay for money will be motivated by your expected return on the next deal(s)...sometimes the hard money route is justified by a great deal...the alternative is always to sell/exchange into the mext deal...I like to buy/hold in Dallas, likely you've got similar investors in your turf.
".....obviously, what you might pay for money might be motivated by your expected return on the next deal....."
Could you please elaborate on that..having a tough time understanding. Thank you very much!