Getting a loan on a paid off rental property

[Vera Log]

Hello fellow investors,

I have the following question.

We own a rental property (single family home) which was bought at a sheriffs auction and is being rented out currently.

The full price  was paid  for this house, so there is no mortgage being paid on it.

Is it possible to get a mortgage on this house as a collateral and what kind of mortgage we would apply for in this case?

The purpose of getting a mortgage on this property is to invest the funds in the next investment project.

Thank you.