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That could work. X-Coll is a great way to grow a portfolio when you have a bank lending you money. The problems start and the fun stops when they turn the money tap off. Then you have to talk to another bank. This is impossible when all properties are crossed with the original lender. Like I...

You can. But with a large portfolio and lots of X-Coll going on, that turns into a very challenging experience. Which is the biggest understatement since Noah said "looks like rain". I've nearly finished re-financing my portfolio. Been at it for a year.

Sounds like a good opportunity to take the equity out of the IP and use it as a cash deposit for the next deal, with another lender.

When your one and only lender pulls the plug in you and you have to diversify lenders in order to continue borrowing and grow your portfolio, then X-Coll can make the process a lot harder, time consuming and stressful. I used X-Coll very effectively when I was starting out. Now I've reached a...