Taking cash out of an investment property? - Posted by Chuck

import · August 18, 2009, 8:00am

Posted by Chuck on August 18, 2009 at 08:01:43:

I should have said - in the Baltimore, MD area (Dundalk in the County, not City)

import · August 18, 2009, 8:00am

Posted by Chuck on August 18, 2009 at 08:00:39:

We owe about 86k on a 2 unit rental that’s netting a positive cashflow of about $500 a month, and Zillow estimates its value at about 135k, so we’ve got ~35% equity.

I’m wondering - in today’s market are there any lenders willing to take equity as a downpayment on a second investment property? Or willing to refi and let me take cash out?