New guy from New Mexico Next step?

[Chris Lucero]

Hello, cutting to the chase.  I work IT 40 hrs a week, I want to grow the number of rentals I have (3) and also start flipping property. I live in a small "city" and just paid of my last rental, I have some equity in the house I live in and was looking for some ideas and help on what my potential next step could/should be.  Again I want to build on the rentals but I think I want to look into a flip or two to see what potential that might have.  I have been maintaining the rentals myself for the most part.  I know there are a few different ways to leverage my rentals/assets/ equity for loans, just looking for a little guidance and maybe a partner of some sort.   I have been trolling sites like this for some time now and have done a little of my own research, I kinda have an idea of what I want to do, again just looking for a little real life "guidance". (pretty sure I did not violate any rules) 

Thank you.

[Chris Lucero]

Originally posted by @Matt Gar:

Hey Chris, 

Nusenda is pretty good about giving home equity lines of credit. So, if you want to leverage your existing home equity, then you might want to start with them. Depending on your rentals and their value, a cash out refi is something to consider.

Also, thanks @David Torres for the notice about the ABQREIA.  I didn't know there was a group here in town.

Matt

 Thanks for chiming in Matt,  I am in Roswell between the 3 I would imagine they are worth a little under $100k, thanks for throwing the refi out there, I will keep that in keep in mind Nusenda.  Reading, listening while trying to put a plan together.  THANKS!