Updated about 10 years ago on . Most recent reply
Cross Collateralization?
I bought my first investment property this year-- an undervalued duplex. I owe $65k on the mortgage, and I know i could sell it for $100-$110k fast if i wanted to because of the great cash flow. However, I want to hold it. How can I collateralize this property to buy another? I looked into HELs and HELOCs but they weren't really worth it because they were requiring 65-75% of equity to remain in the property. Anybody have any experience with this?