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Updated over 2 years ago,

User Stats

43
Posts
11
Votes
Billy Farley
Pro Member
  • Real Estate Agent
  • Detroit, MI
11
Votes |
43
Posts

Can I bring my home equity to a hard money lender as collateral?

Billy Farley
Pro Member
  • Real Estate Agent
  • Detroit, MI
Posted

I have about 120k of equity between both of my houses. Can I leverage this to get a line of credit or get a fully funded Hard Money loan if I put them in the second position? Looking to flip a home before the end of the year. I have a contractor who is working with me and I don't want any more out of pocket cost getting wrapped up.

  • Billy Farley
  • Loading replies...