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Updated over 5 years ago on . Most recent reply

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Peak Deshawne
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Can I Leverage Equity with a Private Money Lender?

Peak Deshawne
Posted

Are there lenders out there that will let me use my equity in my current portfolio as a downpayment against another purchase? Basically what Im wanting to do is avoid refinancing because my employment status is a bit sticky but I begin a very stable career in January. In short I want to talk with a lender and maybe start a 2nd mortgage position on my properties or give them an equity position in lieu of refinancing, then using that cash as a down payment? Is this possible?

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