I’d like to grow my portfolios. Looking for suggestions on next steps to use my equity to buy another property. 1) thoughts on auctions
2) Should I do a HELOC (some banks won't do this on investment property ),cash out refi, or some other means. To use the equity. I have a 3bdrm/3bth rental property with the following
$219k value || $60k remaining on mortgage || Rent: $1850 || Mortgage pmt: $955
I don’t have many properties but enough to have learned that in many cases having too much equity in a property can limit your ability to add more doors.