Pulling equity from a subject 2 property

[Andre Key]

I have recently acquired a property subject 2, and after the repairs it will have close to 30k in equity.  I'd like to keep it for at least 5-10 years but I would like to be able to pull some cash from it without owner financing it.

If anyone has done so in the past or have heard of how that can work please respond. Im sure the deed can be used as some leverage but without the existing mortgage in your name how many options do you really have.  Thanks BP in advance.

[Steve Vaughan]

I wouldn't. You are sneaking by right now. Start getting lenders investigating title and doing DD on what you're doing and your risk of a DOS goes up 10-fold at least. Just save up for your next purchase or 'harvest' equity from an asset where the owner and borrower match up!