Using equity to fund down payment
Hi BP!
Basically noobs here. My wife and I own two properties. One rental property (in Europe) and our condo (New York). We recently took 33% equity out of the rental to purchase our condo. Our rental is paying off the remortgage and still cash flowing. We own the condo outright now. What is a safe strategy for leveraging the equity in our condo to begin building a RE portfolio here in the US? Helco? Mortgage on the condo? I have excellent credit. I know I need to sit down with some lenders but I’d like to get some feedback as to what to ask for going in.
Thanks!