Updated almost 3 years ago on . Most recent reply
Using equity in my rental properties
Hi everyone! I have a good amount of equity in my rental properties and I would like to figure out a way to use that equity since my return on equity right now is quite low. One option I thought of is that my bank has said they will give me a credit line against that equity and then I could lend out that money to a flipper I know and I could profit from the spread. The spread would only be 5%-6% though.
Do you have any other ideas of how I could use my equity to get a return without refinancing? Thank you!