Unlocking Portfolio Equity - Looking for Input!

[Clay Winder]

Hello BP!

I'm looking for the best way to access capital to get some BRRRRs going. My first thought is to unlock the equity in the current portfolio (~$250k over 10 or so properties) through a portfolio loan, but then I would lose the great rates and terms of the current loans. Is there a better way to gain capital to work with? Is there a line of credit for this kind of situation? 

Thanks for your input!

[Rick Stein]

Have you thought of asking someone with a self-directed IRA to lend you funds at an attractive interest rate secured by a second mortgage on the properties. You needn't always go to an institutional lender.