I bought a two family cash and was wondering if I can take money out by using a heloc or do I have to refi??? I don’t care if its only 70%, who should I target Bank of America?
Bank of america requires one year of seasoning. How long have you had the property?
Only two months, does everything I look at going to have to be seasoned for a year ??? No other way to take out money?
small local bank is your best bet. I did a few this way last year without a hitch. They didn’t even do an appraisal.
The smaller the bank the better