Question on refinacing current home with private money
I have a rental property with about 100,000 in equity. Im moving to Seattle Wa. area in the next few month. I want to purchase a home/new investment/furture rental property. Ill be moving again with work in a year or so. Pretty common with my current career. As i move i want to contiune picking up properties. Im new to the investing world and the privite money lenders but love the idea of staying away from Banks, how much it speeds up the buying process.
Im looking to see how i would go about refinancing my current property taking anout 60,000 out of the equity, and purchacing a new home/investment property in the seattle area.
All/Any information would be great. Again this is something I want to do im sure there are many ways to make it happen, Im in the education/learning curve. Thank you
Matt Sherman