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Updated about 1 year ago on . Most recent reply

User Stats

3
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Luke Werkmeister-Martin
  • Rental Property Investor
  • Boulder Colorado
2
Votes |
3
Posts

Advice on How to Best Use My Equity

Luke Werkmeister-Martin
  • Rental Property Investor
  • Boulder Colorado
Posted

Hey everyone,

Looking for some advice on how to use existing equity to best launch my real estate journey.

I’ve got 2 houses: House A has $550k in equity and $200k left on the mortage, house B has $800k in equity and is completely paid off.

House A can rent for $3300/month and house B can rent for $3700/month.

I know I’ve got a great opportunity to use this as the starting point for my real estate journey, but would love some advice on the best path forward.

Thanks!

Most Popular Reply

User Stats

185
Posts
366
Votes
Evan Hopple
  • Real Estate Agent
  • Columbus OH
366
Votes |
185
Posts
Evan Hopple
  • Real Estate Agent
  • Columbus OH
Replied

@Luke Werkmeister-Martin

I invest in Columbus RE, huge growth to come from recent additions to the tech sector (google, intel, amazon, honda, and many start ups). Plans to were announced a few months back to invest $2B into the cities airport in anticipation of the population/business travel growth. Investing here still comes with a good mix of cashflow and appreciation. 

Happy to connect!

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Reafco Real Estate

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