Posted by calvn on February 18, 2001 at 21:09:10:
Buy another property by using equity in your property, and after the purchace take money out by re financing the second property, and put the cash into the repair, and then allow the property to support itself through the rent until you can flip it and break evin on that property.
Or get a motivated seller to help you over finance their porperty, and use the same techneque and let the property support it self until you can flip it. There is many ways if you use your head, just keep thinking, it will work! Also until the property sells the borrowed money is not taxable. It is simple but do your home work.