Equity exchange - Posted by john

Posted by brad on February 27, 2001 at 03:56:34:

you would start with a home equity loan.say you had $10000 equity in your home,get a equity loan to purchase another,with a substitution clause.you then have $10000 equity in that property, then use it purchase property A,B,C and so on.in the last property you purchase you will have $10000 equity you can put back in your oun property or a nother that you wish to have more equity in

Equity exchange - Posted by john

Posted by john on February 25, 2001 at 17:46:31:

Do not completly understand the process of how equity in one property can be used as a down payment for the purchase of an investment property. Is there an actual loan taken out and given to the person you are dealing with, or is it more of a promissary note type of thing?