growing my investments
Hello, my name is Lawrence Cox III. I have owned a 4-plex since 2001. In 2012 I was able to purchase an 2 bd 2 b mobile home. I now have the mobile home paid off. I have a mortgage on the 4-plex. I should have some equity but would like to do some repairs first before I have an appraisal done. I estimate between 50 - 65k in equity. Would it be a good idea to borrow this to purchase the next investment? And should I buy something that would be free and clear and use the equity again? All advice is greatly appreciated. Thanks in advance.
Lawrence Cox III