Use new house at 50% LTV as collateral to build second home?I am real carpenter and have $172,000 to buy a lot and build a house. I estimate that I can buy a lot and build and house for 100,000-- I can do all the work myself that should sell for about $200,000. I want to borrow $100,000 from an investor or lender and use the new home as collateral for that loan so that I can build another home. I will have $72,000 left over to pay the interest. The point is that I want to use the new home as collateral, so I can get my original investment back and build another home without wait necessarily for the first home to sell.IS THIS POSSIBLE- NEED HELPSeptember 07 2011 - Philadelphia00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.