Thanks again. this lenders SOP may be to cross collateralize your personal residence.. especially if your a rookie..

Does Schwab or any similar bank allow you to put up an IRA or brokerage account as collateral for a re loan?

The difference with a PLoC is that it isn't using your house as collateral and the interest rate is likely higher than what you would get with a HELoC.Looking at the equity that I have in our first house, even almost three years later, we still don't have the equity required to create a HELoC based on that property. 

I am looking at a vacant property in my target neighborhood and from what county records indicate, the subject property has been used as collateral for the owner to purchase their primary residence. 

What if we have a Promissory Note spelling out exactly when interest will begin to accrue and maybe another Promissory Note for when the property is purchased so there will be collateral. 

If the loan isn't assumable then how can title transfer if the property is collateral for the loan? 

It is an unusual arrangement in which the borrower does not currently own the residence serving as collateral.

Or even a cross collateral / blanket loan across multiple properties with small amount of equity in each.

Tough to find a lender to do that.When you talk to lenders the term you want to use is "cross collateralization".

You can get a business line to avoid personal collateral.