How can I take out equity with no cash reserves?

[Tina C.]

Hello everyone,

I am new to BP and Real Estate investing. My husband and I own a SFH investment property. I would like to take out some of the equity in our rental but do not have any cash reserves. Is there any way around this or do I just need to save up the 6 month's worth of reserves? I want to use it as a down payment on an Owner Occupant property. Is this a wise choice? Or should I just save up for a down payment? My husband is disabled and we don't have a lot of income. I'm trying not to be too anxious but really want my own home and don't want to continue renting. I have about $20,000 in equity and just want to buy a small house. Do Collateral loans still exist? I really don't want to sell the property because it is cash flowing. Do I have any options other than saving for a down payment or selling the property in order to buy a new one? I would appreciate any advice.