Updated about 9 years ago on . Most recent reply
Question about using equity.
I'll try to make a long story short. I own a townhouse that I have rented out for two years. Cashflow is great. I have about $100,000 of equity in the property. How can I use that money to finance the purchase of another property?
Additional info: I use a series LLC for my two rental properties. Apparently, banks will not do a home equity line on a property that is not owner occupied. Is all that equity just trapped?