InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Home equity loan on investment property Posted by dond on June 03, 2009 at 5:37 AM In Reply to: Home equity loan on investment property posted by Joan M. on June 02, 2009 at 7:06 PM : Hello everyone: : We have 2 rental properties that are paid off and want to take equity out of them. Most major banks don't offer equity loan on investment properties any more. Any suggestion who else may offer? : I am looking for good rate too, like 5% to 6%. : Thank you for your advice in advance! Find a third property which has the right amount of equity, then buy it with a new trust deed which uses one of the first properties as security. Sell the third property, and you have your cash. The former owner of the third property jas just become your bank. Dond Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello everyone: : : We have 2 rental properties that are paid off and want to take equity out of them. Most major banks don't offer equity loan on investment properties any more. Any suggestion who else may offer? : : I am looking for good rate too, like 5% to 6%. : : Thank you for your advice in advance! : Find a third property which has the right amount of equity, then buy it with a new trust deed which uses one of the first properties as security. Sell the third property, and you have your cash. : The former owner of the third property jas just become your bank. : Dond [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455