Home equity instead of seller financing?

[Brandon Hayes]

When doing seller financing I know you should typically pick houses that are paid off. Once you pay a house off you have all the equity in it. Instead of actually owning that property with seller financing; could I pull the equity out of that property and maybe use it for other real estate deals? 

[Steve Vaughan]

If your family wants to be your lender, sure.  I personally don't borrow from family, but it would be possible.  Have everything in writing and honor your agreement.  I wouldn't eat before I defaulted on a family member.