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Updated over 9 years ago on . Most recent reply

Steve Layer's profile image
Steve Layer's profile image
Steve Layer
  • Real Estate Investor
  • from Wylie, Texas
  • Member since Jan 6, 2013
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Steve Layer's profile image
Steve Layer's profile image
Steve Layer
  • Real Estate Investor
  • from Wylie, Texas
  • Member since Jan 6, 2013
Connect
Steve Layer
  • Real Estate Investor
  • Wylie, TX
0
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7
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Creative Real Estate Financing

Home for Collateral

Steve Layer
  • Real Estate Investor
  • Wylie, TX
Posted

Here is my situation. I own two homes one free and clear. I will be selling my primary and moving into the one I own free and clear. Can I use the home I own out right as collateral to purchase another home? I don't want to use all the cash I get out of the home I will be selling. I want to have plenty of money for down payment and rehab.

thanks.

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