Leverage Strategy
Lately, too much of my time has been consumed by the notion of growing my real estate portfolio into a legitimate money maker. My dream is to supplement my current W-2 income with passive real estate income within the next 10 years. Yet, to do so, I need to be a more bit aggressive.
Out of my nine properties, two are paid off. Additionally, I have one property with approximately 150K in equity.
All things considered, for those who have jumped into real estate full-time, would it be wise to pull out the equity from my properties? Afterwards, it would be used as seed money to acquire more properties in better cash-flowing markets like the Mid-west or South.
Smart? Or dumb?