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Updated almost 10 years ago, 02/22/2015
Which way to go?
Hello everyone, I am looking to jump into the real estate game and would like some guidance. I am a 24yo that works full time as fireman and just recently got married. When I married, I moved in with my wife and rented my house out. After seeing $250 of passive income a month I have decided that I want to continue with more properties. I have about 70k of equity in the rented home and I want to use it to add to my. I would ideally like to own multiple cash flowing rental properties. My question is how do I best utilize my equity? Do I buy and flip a couple houses to generate cash for rental properties? Do I use my equity to buy several rentals right out of the gate? I am in Birmingham Alabama, so if anyone knows of any investor friendly lenders feel free to share. Thank you for your time!