Getting cash out of investment properties

[Paul M.]

I have 2 properties, I estimate the mortgages are at 70% LTV. I haven't seen any banks doing 2nd mortgages for greater than 70% LTV. Is a private/hard money lender an option to get a 2nd mortgage that would bring me to 80%-90% LTV?

I want to figure out options for generating cash to use as down payment for next acquisition. I know interest rate would be high but it would be for small $ amount and I could pay it off in a few years. I have healthy cash flow and perfect credit.