http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ Cash out REFi. Contact Debbie Myers at Platinum Community Bank. 1-8-777-Debbie. (1-877-733-2243) dmyers@platinumbank.net<br/><br/>She is a <a href="http://www.zillow.com">real estate investment</a> expert with 30 yrs experience and a local REIA sponsor for 20 years. She will give you honest correct answers. Thu, 28 May 2009 15:46:00 GMT http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ 2009-05-28T15:46:00Z http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ Getting a <a href="http://www.zillow.com/home-equity-loan/">home equity loan</a> would normally be the easiest thing to do if the property with equity is your primary residence. Getting a home equity loan on anything other than a primary residence is very, very difficult right now. With that said you may still be able to obtain a home equity loan on an investment property if you speak to local banks near the actual property. You may also want to look for hard money <a href="http://www.zillow.com/mortgage/">loans</a> or private money. You can do a search for either term to locate some potential options. Beware of high <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> that come with these sort of loans. <br/><br/>A better idea if you can afford to do it is to save some cash and buy a Bank Owned Property. This is a very specific type of foreclosure and it requires some understanding of the market to get these at bargain basement prices. I routinely by these types of properties for $5,000-$10,000 each and avoid banks altogether. Contact us if we can provide any additional help. Tue, 26 May 2009 04:52:00 GMT http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ 2009-05-26T04:52:00Z http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ Howdy<br/>If you are in El Paso Texas this is an interesting market. I would love that all my family and friends owned no less than 10 homes by the the time they are fifty. So, get&nbsp; a <a href="http://www.zillow.com/home-equity-loan/">home equity loan</a> at the latest and greatest lower than low rates and then plan.&nbsp; Lease this home and buy another.&nbsp; <br/>Buying homes for the purpose of growing your portfolio and planning retirement require a professional and forward view.&nbsp; Happy Memorial day to all and thank you men and women in our armed services for serving our country. Mon, 25 May 2009 14:18:00 GMT http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ 2009-05-25T14:18:00Z http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ Do not do anything during this economy, Mon, 18 May 2009 04:57:00 GMT http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ 2009-05-18T04:57:00Z http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ Get a line of credit and pull the cash out. Mon, 06 Apr 2009 14:36:00 GMT http://www.zillow.com/advice-thread/If-I-have-alot-of-equity-in-one-property-what-can-I-do-to-tap-into-that-money-and-buy-another-one/219955/ 2009-04-06T14:36:00Z