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Can I take equity out of an investment property to purchase another property?


Can I take equity out of an investment property to purchase another property?

Yes I believe you can. But it's not good business. If you default on one you could loose both.

yes you can
and that's how the big boys/girls do it..the go from one to the other building a bigger portfolio..

do your home work first

good luck

the company who gives you the loan will ask what the money will be used for, if you give them the real reason they may not give it to you.

Be up front with them from the beginning to avoid trouble later. You may just get a different loan from them.

Of course.....just take cash out....keep investing.

Yes

yes. Thats how all real estate "investors" do this all the time.

yes I do it all the time.

e-mail jessica_shaner@comcast.net.

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