New licensed real estate agent in Wa and Oregon

5 Replies

Hello there, My name is Jessica Wang. I speak Mandarin and English. I just got my real estate licenses in Washington and Oregon as I live on the boarder. Vancouver-Portland area, started this new career 3 weeks ago. But I have a question about investment here. Me and my husband own 2 houses, now we have $100,000 equity for each house, should we use this equity to purchase another house or thinking about it when we decide to sell one of them. Thanks to all of you. Jessica.

@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.

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