Updated over 5 years ago on . Most recent reply
Looking for 2nd loans for Berkeley & Oakland du plex and 4 plex
I have substantial equity in my two rental properties and very little equity in the property that I reside in.
I'm looking to borrow against the equity in my investment properties but don't seem to be able to find people who do second loans on non-owner occupied houses (2-4 plexes).
Does anybody know anybody who does 2nd loans at reasonable rates for properties that are rental properties that have significant cash flow and significant equity. My credit is also good.
Todd
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@K T., I got a pretty good deal on the current 1st, and hope to draw down a pretty penny for foundation work and pay it off in a few years.