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Updated over 9 years ago on . Most recent reply

Dale Bowrin's profile image
Dale Bowrin's profile image
Dale Bowrin
  • Investor
  • from New York City, New York
  • Member since Apr 11, 2013
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Dale Bowrin's profile image
Dale Bowrin's profile image
Dale Bowrin
  • Investor
  • from New York City, New York
  • Member since Apr 11, 2013
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Dale Bowrin
  • Investor
  • New York City, NY
1
Votes |
5
Posts
Private Lending & Conventional Mortgage Advice

HELP- How to use my existing investment properties as collateral?

Dale Bowrin
  • Investor
  • New York City, NY
Posted

I would like to use at least one of my investment properties to get a loan to purchase one or 2 more properties before the end of the year. 

I own several mortgage free properties in GA. They're worth about 50K a piece. Are you aware of any banks or lenders who would grant me a loan to purchase 1-2 more investment properties?

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Jonathan Towell's profile image
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Jonathan Towell
  • Investor
  • from Lubbock, Texas
  • Member since Mar 23, 2015
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Jonathan Towell's profile image
Jonathan Towell's profile image
Jonathan Towell
  • Investor
  • from Lubbock, Texas
  • Member since Mar 23, 2015
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Jonathan Towell
  • Investor
  • Lubbock, TX
106
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308
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Jonathan Towell
  • Investor
  • Lubbock, TX
Replied
Just about any local bank should be able to use that equity to secure a line of credit or cross collateralize another loan.
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