I have two rental properties that have a reasonable amount of equity in them. I would expect that I could take out about $70-80k in equity at a 75% LTV. Each also cash flow between $600 and $700 monthly, and Mrs. Grizzo are okay with reducing monthly cash flow in order to tap the equity to continue building our portfolio next year. These properties are currently in individual 30-years fixed loans at a 3% rate.

Currently, the properties are in our personal names, and I also have in interest in placing them into a series LLC.

What vehicles would you consider - this this market - to gain access to those funds? Better yet, if you have any advice on these products, please let me know.

• Conventional, Fixed 30-year. Rates suck, but it's an option.
• Non-QM, Fixed 30-year. Basically, a stated income loan that operates off property's DSCR. Can finance in the LLC, so it removes me personally from the loan. Expensive - like 9-10%.
• Investment Property HELOC - Do these exist? I could keep my killer rate and access when necessary.
• Primary Home HELOC - My wife is least interested in this option, although we have significant equity.
• Financing component is too small for a portfolio product.

What options am I missing, if any?

Thanks gurus!

and understand when you put a loan into a LLC (which we do all the time) you are still personally guarantying the loan. So, the responsibility does not go away. A lot of LO's seem not to understand this fact.

Jay@AgsReward.com said:

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and understand when you put a loan into a LLC (which we do all the time) you are still personally guarantying the loan. So, the responsibility does not go away. A lot of LO's seem not to understand this fact.

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I do understand this.

I'll take a look at the balance sheet product you've mentioned above.

Thanks!

Jay - this is a great product, thank you for sharing. What's the current interest rate for this?

It is based on which of course has been rocketing up, but it is designed for short term use so the rate does not matter nearly as much as it does on long term fixed rates, but right now it is at 9.5% with interest only payments.