Updated over 11 years ago on . Most recent reply
Using equity to purchase investment properties
My wife and I currently own and occupy our first investment property, which is a multi family in a pretty popular part of Portland Oregon. We have owned it for a little over a year, and have roughly 200K in equity that I would love to use to purchase another property. The equity gain is primarily from appreciation, and not from paying down our mortgage. The problem we are running into is that we both went self employed in the last year, so we don't qualify for conventional fencing. What other financing vehicles are available for our situation?