Can I get some advice

[Kenneth Mims]

I was hoping someone could help me with this, I am looking to take out the equity in a couple of my rental properties to purchase more.  How or can I bundle the properties together and get one loan?  Also if anyone has done this before can they recommend an loan agent, bank or etc?  And one last question, Should I find the property first or should I have the money ready for when I do find something I like?  Thanks

[Anthony Dooley]

Any of your local or regional banks would love to open a line of credit with your properties as collateral. Each property used will get an appraisal, which you will pay for in closing fees. What you do with the line of credit is really not important to the lender. If you find the property first, and it is financeable, then you should just get a loan for that property. If it isn't, then you will have the cash to buy and fix the new property.