Using my Equity
Hello all,
I am just starting out, and looking for my first deal. I want to invest in buy and hold, cash flow properties. I live in Brooklyn,New York and prices I am seeing are CRAZY.
I got very lucky and purchased my condo just before the market took off, and it has doubled in value in 2 years. Would it be wise to try and tap the 300k equity to use towards my first deal?
Should I sell and buy a triplex? The prices here would make cash flow thin. Just feeling confused about how I should get started.
Thanks
Frank