Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Vincent Lloyd

Vincent Lloyd has started 1 posts and replied 2 times.

Post: Options and Ideas for Home Equity

Vincent LloydPosted
  • Posts 2
  • Votes 0

Thanks for the replies.

I'd like to build a portfolio of single family homes and multi-family properties. I'm particularly interested in 2 - 5 unit properties. My mid-term goal is 100 doors.

I can invest a few hours in the evenings and more hours on weekends. Though as the cashflow increases, I can work less hours at a day-job and commit more towards real estate.

Post: Options and Ideas for Home Equity

Vincent LloydPosted
  • Posts 2
  • Votes 0

Hello, community. This is my first post, and I'm a new, aspiring real estate investor. Here's my deal:

My wife and I are going to be buying a house with my in-laws (main house with attached in-law suite). The in-laws are providing a $170,000 down payment, which gives us an instant $170,000 in home equity. We (wife and me) are going to keep our current house and rent it out.

What, in your opinion, would be the best way to leverage this equity to start building passive income?

More details that might help. I'm 38, wife is 32. We live in an area in eastern Pennsylvania where real estate prices are pretty high, so I assume it would be smarter to buy out-of-town/state. 

Any help and ideas will be greatly appreciated. Thanks in advance.