[911Rob]

When I was young, there was no such beast as borrowing against your equity. Probably a good thing for me?

Today I and many of my business associates use a personal line of credit secured by our home equities. Nobody I know uses that PLC for anything but investments that make money.

ie: I borrowed $150,000 and invested it into a land purchase. My partner and I owned the land free and clear. We then took a construction loan for $550,000 and developed the land into 22 lots with sewer, water, power, etc. The lots are worth about $100,000 each, which would make the property valued at $2.2 Million with a 0.55 Million loan against it.

I'm now developing the homes on the land with another partner JV; no risk whatsoever to me and I'll pick up another Million, split between my land partner and I.

I have no challenges whatsoever using equity to make money! Go for it.