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Updated over 1 year ago,

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8
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0
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Laura Marin
0
Votes |
8
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Using equity from an investment property to invest in a flip

Laura Marin
Posted

I recently refinanced a rental property for $1,050,000, leaving 45% equity in the property. 

I want to find a way to use the equity as collateral to buy, renovate and sell more properties. Are there any lenders out there that would fund a flip using the equity from the rental property I have?

Or is there some way to get a HELOC so I can use the equity to make more investments?

I didnt want to leave so much equity in the property during the refinace but it was the only option I had. I will look at refinacing again in 5 years to take cash out but I would like to find a way to utilize the equity to invest now.

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