How many home equity loans can be taken out at once?
Hello everyone! I am new to these forums and I just thought I should ask on here a question I had been thinking to myself. The context of this question is in the case of buying a 1st home initially under market value then using a home equity loan on that property to buy another house under market value, can you then start another home equity loan on the 2nd house to get a loan for the 3rd house?
Also Is it possible to combine the equity of the first property and the second to use to buy a 3rd property? Say if you had 40k in equity from the first but only took out equity for half the amount, can you use the other half again? Or is that not how it works? Sorry if silly questions! Very new