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Updated almost 7 years ago on . Most recent reply

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3
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David Holmes
  • Attorney
  • Hillsboro, TX
0
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3
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Scaling with existing equity - what to do

David Holmes
  • Attorney
  • Hillsboro, TX
Posted
I am fairly new to investing in RE. Almost 5 years ago, I was approched by a widow about buying rental properties that she and her husband owned. I jumped at the opportunity. I bought 3 SFHs with zero down and gave her a 15-year note at 7%. I am coming up on the five year anniversary of the purchase. My question is what to do with the equity to acquire more properties. Any suggestions are much appreciated. I am using a buy-and-hold strategy for the most part, but will be glad to consider other strategies.

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