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You can get mortgages on investment property. The rates will be higher than on an owner-occupied. I'd get a regular mortgage instead of a line of credit. You can put the proceeds in a money-market account and draw on it as needed. When you sell, you should get enough to pay off the mortgage, keep the funds that you have in the money market for your next venture so you don't have to mortgage every house.
I'd find a good mortgage broker and talk to him. If he doesn't do mortgages on investment properties I bet he'd know someone who does.
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The answer is 42!!
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