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Updated over 9 years ago, 08/16/2015

User Stats

16
Posts
1
Votes
Ryan Roundtree
  • Real Estate Investor
  • Atlanta, GA
1
Votes |
16
Posts

Can I extract equity from multiple properties?

Ryan Roundtree
  • Real Estate Investor
  • Atlanta, GA
Posted

Hello,

I'm curious, I own two separate rental properties. I bought them cash so I have 100% equity in both. They are worth about 40k each. I rent them out for $650 each a month for a total of $1300 a month. Is there any way I could get a HELOC for both properties on the same loan in order to get a HELOC for 80k?

What would be my best way of extracting equity from both properties?

Thank you for any help in advance 

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