They can use cash collateral to pay expenses.

Or do better lines of credit exist that could cross-collateralize my equity that is locked up in other properties?

Just finished first fix and rent paid 40k put 12/17k into it worth 65/80k want to use as collateral if needed pays 1k monthly duplex is worth 140k easily with out rehab after rehab 250 can purchase for 55k needs 30k rehab 

I trust and believe that others can create investor homeownership out of creativity and wile, but I only know of cash and credit (based on collateral.) 

- Some of the questions I have: As a PML, what is the difference if I get collateral in an investment property or a primary residence. 

I would not recommend using your 401K to cash-out for the project. try using your 401K as collateral/leverage for any new loans to do the project and save yourself the 10% penalty, and tax hit.   

The lenders want to know what collateral you have and they can do their own duediligence. if you have bank accountstatement hereally include those.

The property being financed is the collateral, so why would you need to disclose income and asset that are not needed to qualify?

Open to all constructive ideas/feedbackTIA3.Should Borrower fail to complete all of the improvements by the maturity date of the promissory note from Borrower to Lender, then Lender may, at Lender’s option disburse any remaining undisbursed funds to an independent contractor or subcontractor for the purpose of making any of the improvements win the above property which Borrower has agreed to make but failed to make. 5.Should Borrower become in default pursuant to the promissory note or deed to secure debt pertaining to the loan described herein, so that Lender declares such loan to default, then any undisbursed funds may, at Lender’s option, be paid to independent contractors or subcontractors to perform any improvements on the property described above prior to Lender bringing legal or foreclosure action to collect such note, in order to protect Lender’s collateral.

We're willing to provide 20% down payment plus closing costs, of course, and if needed to use some properties my partner has as a collateral.