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Updated about 6 years ago,
Pulling equity out - is it possible?
We currently own 5 properties, all have equity with less than 80:20 loan to value. One inpaticular has 30% loan to value currently. We live minimally off the income they generate currently on a sailboat. would ideally like to pull some equity put in order to fund additional investments. All 5 properties generate an income above all expenses including mortgage equity payment. That said our income overall is around 30k and no bank will loan us money. Is there a creative way to pull out the equity? We can grab a job for a bit to continue outback investing / if need be... but wanted to ensure im not missing something.
Or point me to a good article /blog!!
Thanks in advance for your time and knowledge.