My friend has an investment property in Columbus, Oh. He lives in Alaska. The property is a SFH and rented, no mortgage. Is is located in Midtown.
The price is $30,000. Can this owner get a cash out loan for a roof?
Where can he go to borrow a little money on this type property?
Any ideas would be welcomed. He has good credit. Lives in a $450K home in Alaska.
go to local bank and get a HELOC, for such a small amount you don’t need to pay closing costs