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General Real Estate Investing

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Frank Acquafreda
  • Brooklyn, NY
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11
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Using my Equity

Frank Acquafreda
  • Brooklyn, NY
Posted Sep 16 2014, 06:21
Hello all, I am just starting out, and looking for my first deal. I want to invest in buy and hold, cash flow properties. I live in Brooklyn,New York and prices I am seeing are CRAZY. I got very lucky and purchased my condo just before the market took off, and it has doubled in value in 2 years. Would it be wise to try and tap the 300k equity to use towards my first deal? Should I sell and buy a triplex? The prices here would make cash flow thin. Just feeling confused about how I should get started. Thanks Frank

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