Dear BP experts,I purchased 8 rental properties in the last 7 months, using cash reserves and now I'm exploring doing a mix of a cash-out Refi and an LOC using the 8 properties as collateral.

As far as I am aware, and I am not an attorney, the lender can only try to come after the collateral that is secured by the loan.

As with any loan, of course there will be a max you can borrower based on your credit, income and other debts.If you change the home you want to buy or the amount you want to buy, yes, that could change your approval because after all, you changed the collateral.

Developed a methodology including extensive due diligence as well defining entrance and exit strategies.A goal on BP is to identify partners and HML’s that wish to include these collateralized debt obligations to their portfolio.Much continued success!

Private money ROI will vary the investors personal experience and track record, as well as the collateral itself.

I will used the 2nd property as collateral for 20% of the down payment.

Was your commercial portfolio loan using your RE portfolio as collateral?

I know portfolio banks and bridge lenders will cross collateralize the properties but not sure about Fannie/Freddie.The term sheet I just got from Fannie on a 101 unit deal specifies that the entity needs to be a single asset entity.

If you are doing renovation to the property, I often offer to put the cash I will be using for that up as collateral in case of default.

This protects you with increasing collateral as they do work and minimizes your loses if they default.