#212: How To Pull Cash Out of a Property WITHOUT Refinancing and Losing Your Favorable First Position Mortgage
Manage episode 396288642 series 3302706
In today's episode, I want to discuss a topic that many investors are currently facing: how to tap into the equity in your investment property without having to sell or refinance.
I know that many of you may have invested in properties a few years ago and now find yourselves with some equity. However, the current options for refinancing may not be as appealing as you had hoped. That's why I wanted to share some strategies on how you can access that equity without giving up your favorable first position mortgage.
In this episode, we discuss:
- Understanding the concept of a quality first position mortgage
- Exploring options for tapping into property equity without losing favorable loan terms
- The role of second position loans and how to find lenders willing to offer them
- The advantages of working with local banks and credit unions for second position financing
- The potential of private financing and agency supplemental mortgages as alternative options
Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly.
Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.
Connect with Axel:
Follow him on Instagram
Connect with him on LinkedIn
Subscribe to our YouTube channel
Learn more about Aligned Real Estate Partners
244 episodi