Max has equity available in his rental properties, and he wants to know the steps he needs to take to leverage it. In this video, I'm sharing which banking product I would use and how I would start leveraging.
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Ideas for Leveraging the Equity in a Rental Property
Leveraging the equity in a property comes down to the loan to value ratio. Most lenders will offer a loan based on 80% of your equity. There are many different financial products out there, as well as many different lenders. My suggestion to you is to shop around.
My first choice would be a home equity line of credit, but these can be difficult to acquire on a rental property. Try local banks and credit unions first. You could also consider portfolio loans and pursue private lenders. There are a lot of options available to you, you’ll just need to look for the best product and the best rate.
Flagstar Bank: [ Ссылка ]
Direct Lending Partners: [ Ссылка ]
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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