recently bought a town home with cash, need cash for down payement on next homei purchased a townhome paying cash, not so desirable area after 5 years, took tax credit 8k, now i am intersted in a foreclosure home in favorable area for 15years , but need 30k down payement.i have equity of 90k on my first purchase, what is best way to raise money for my second purchase?/i have preapproved loan for 160 k and i am using only 138k, please advice (planing to stay in this town home another 3 years rent it out after, rent this home till then, if i could buy it)May 08 2010 - Houston00YesReport 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.