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Updated about 6 years ago,
Question about accessing equity
I live in the Dallas-Ft.Worth area and own five single family rentals. I want to access my equity and want to know if the way that I envision this is possible.
I would like to access the equity in a line of credit for the purpose of issuing hard money loans. I would like to be able to draw on the line of credit as I am issuing the loans and quickly repay my lender when the hard money is paid back. I hope I am being clear, I do not want to make loan payments if the funds are not being actively in a hard money loan.