Updated over 1 year ago on . Most recent reply
Cross Collateralization loan
Good afternoon / evening all. I just wanted to get some opinions on what the BP community thinks about cross collateralization loans. I have a rental property in Missouri ( paid off duplex ), and thinking about purchasing another rental in Ohio. The properties ( duplexes ) I’ve been looking at in Ohio are between $70,000 and $100,000. I also have a heloc on my primary residence, but I’ll be paying that off in full within the next couple of weeks. I’d rather not use the heloc funds again unless it’s an emergency. What say you BP universe?