Posted by PBoone on May 13, 1999 at 23:22:42:
My apologies for not directly answering you. Yes you can use the equity in one property as down payment on another property. In the SFR arena it is done but usually needs some understanding and explanation on your part. The technique more common in Multi’s or commercial where the players have a better understanding of investing and cash flow.
As far as banks are concerned they usually have different lending criteria but 4-6 loans per bank seems to be the limit. The real estate and cash flow is what qualifies in most cases.