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Updated about 1 year ago on . Most recent reply

User Stats

30
Posts
12
Votes
Sean Maloney
Pro Member
  • Specialist
  • Erie Pennsylvania
12
Votes |
30
Posts

Other and best ways to use built up equity In properties that are free and clear

Sean Maloney
Pro Member
  • Specialist
  • Erie Pennsylvania
Posted

I have several free and clear properties. Besides HELOC or lines of credit are there any ways people are using built up equity to secure their deals? I have heard of a way to tie a property with equity to others to satisfy the need for money down.

Has anyone done this? What lender did you use? How would this be explained to other lenders and what kind of terms? 

I would like to use all my built up equity with out refinancing or taking on the additional payments that come with the obvious ways to typically pull money out.

- Sean Maloney

Erie PA.

  • Sean Maloney
  • Most Popular Reply

    User Stats

    30
    Posts
    12
    Votes
    Sean Maloney
    Pro Member
    • Specialist
    • Erie Pennsylvania
    12
    Votes |
    30
    Posts
    Sean Maloney
    Pro Member
    • Specialist
    • Erie Pennsylvania
    Replied
    Quote from @Michael P.:

    “Several free and clear properties in Erie, PA” equals total equity of 11k?

    Lol joking


     12K - They are nice properties lol

  • Sean Maloney
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