Equity in primary residence for buying first property

[Andrew Foster]

I own a home in a Boston suburb with a value of 400k with 230k left on the note. Our only other debt is a 25k car note. I make 100k/ yr with a W2 job. With 170k in equity in my home what is the best route for using this to purchase my first REI property?

There are no homes in my area for less than 300k so i would need a substantial downpayment or a property a good way out. Please advise.