The "Non Loan" Equity Loan... HUH??

[Gail W.]

We own a home that we are now accidental landlords on and we like it! So we got to thinking, HOW can we use the house to make more money? We refi'd and pulled out cash to fix it up, gaining higher rent. Even after pulling out cash, we still have decent equity. Great, but now what?  

I heard an ad on the radio for a business named EquityKey out of San Diego... they "share" in your future equity...and give you a percentage WITH OUT any monthly loan repayment. There is something on the website about recording the transaction at the County Recorders... I have not gone any further to get more info yet; I would have to enter all my info.  So what I see on the website is all I know so far.

Since we are still learning and not even sure if we can proceed with buying a 2nd rental property , we thought we'd check in here first regarding this new-to-us process of getting money out of the house. Anyone heard of this type of thing and is it safe?