Can I Leverage Equity with a Private Money Lender?
Are there lenders out there that will let me use my equity in my current portfolio as a downpayment against another purchase? Basically what Im wanting to do is avoid refinancing because my employment status is a bit sticky but I begin a very stable career in January. In short I want to talk with a lender and maybe start a 2nd mortgage position on my properties or give them an equity position in lieu of refinancing, then using that cash as a down payment? Is this possible?