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Different options on getting cashout on your investment property
Manage episode 480050719 series 2979320
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How it works: Short-term, high-interest loan based on property value, not personal credit.
Pros:
Fast funding (days instead of weeks).
Less strict underwriting.
Cons:
Very high interest rates (often 8%–15%+).
Short loan terms (often 6–24 months).
7. Seller Financing (if you're buying another property)
How it works: If you own a property free and clear, you could "sell" it and carry financing, creating cash flow and upfront cash through a down payment.
Pros:
Passive income from note payments.
Cons:
Risk if the buyer defaults.
Key Factors to Think About:
How quickly do you need the cash?
How much do you want to borrow?
How long do you want to be repaying it?
How the new debt impacts your overall portfolio.
tune in and learn https://www.ddamortgage.com/blog
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