Using equity from primary property for future investments
Podcast listener here, hoping to get some advice.
Bought a house just outside of Denver 2 years ago, have $198k left on the loan and have a good 60-80k in equity, according to a handful of real estate "website estimates".
I'd like to use the equity to invest in real estate. Rental property, fix and flip, or maybe even invest in my older property. Sell and buy fixer upper?
What is the smartest thing to do here? What would you guys do if you were in my position?