How do I use my current properties as collateral?

[Trecia Benjamin]

I'd like to purchase other properties using my other homes as collateral... What is the process?

[Jesse Byrer]

@Trecia Benjamin Jesse, great name, is right... HELOCs are often time the cheapest method to tap into your equity.  Down side is it's a variable rate product which is tied to the Prime Index.  HELOCs are great now as Feds have lowered Fed Funding Rates, but can and will go up.  Depending on your current mortgage (if you have one) and the rate on that loan, doing a cash out might make sense as fixed interest rates are so low you could take cash out and lower rate killing 2 birds with one stone.  Are you looking to Flip or Hold?