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Updated almost 6 years ago on . Most recent reply

User Stats

131
Posts
12
Votes
Tony Gatto
  • Property Manager
  • Myrtle Beach, SC
12
Votes |
131
Posts

Hey anybody every hear of equity stripping?

Tony Gatto
  • Property Manager
  • Myrtle Beach, SC
Posted

So i get this email and link  http://alaiello.com/equity-stripping-jg.htm

Anybody ever hear of this?

tks

Most Popular Reply

User Stats

3,790
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4,454
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Cody L.
  • Rental Property Investor
  • San Diego, Ca
4,454
Votes |
3,790
Posts
Cody L.
  • Rental Property Investor
  • San Diego, Ca
Replied

Let say you own a $100k house that has $60k loan. You have $40k of equity that's at risk of a lawsuit.

Now go to a bank and get loan on that equity. You won't be able to borrow $40k but you should be able to get $20k

Don't draw the funds (unless you want to pay interest).

Boom. You just cut your equity liability exposure in half.

Please send me $499 for the info

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