@Jessica Wang if the two homes you own are rented and generating income then I would suggest keeping them and getting a line of credit to use that equity to grow your portfolio.
@Jessica Wang a Where would you like to steer your focus and career? Leveraging equity is a good way to grow your portfolio, but if you’re not clear on your goals then you may want to do some inner reflection.
Hi Alex, thank you for your reply. Currently we live in one and rent another one. We don’t really generate any income yet, just have our tenants paying for the mortgage actually.
@Neal Colin’s, thanks for your response. We would love learn more about the investment and make a wise move for leverage.
Depending on your cash flow and goals @Jessica Wang , you may want to think about a couple things:
1. Can you leverage the equity in the houses while keeping them as rentals in order to purchase more income producing assets.
2. Can you sell the houses and roll up the equity into something bigger and better.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.