Updated about 6 years ago on . Most recent reply

100k available equity - options
Hello
I have approx 100k available in equity in my primary home, if I was to get a heloc or other equity loan. I would love to start investing in real estate through a second/investment property , but living in high cost MA, I’m looking for ideas the best place to start. Should I try to buy a low cost turn key house on roofstock for example in a far away state I can’t really oversee that closely? Or try something local, in which case i probably need a creative strategy or a partner to be able to afford it.
Just curious if others have ideas or suggested options to explore when you live in higher costs states such as Massachusetts and don’t have a ton of capital available to start.