Pulling equity out in high tax area

[Stefan Hirniak]

Hi all,

New to the forum and excited to meet some new folks and grow my knowledge.

I am pretty new to this space but own three single family properties with good equity in each and long term tenants. The rental market in Houston is strong and I am looking to leverage the equity and grow the portfolio especially in some of the up and coming areas.

My main question is about pulling out equity from a property in a high tax area like Houston. One of my properties is a great location and currently has a long term tenant. I bought it for 214k in 2017 with 25% down. I put about 20k into and rent for 1700. The assed tax value currently is 208k as I have fought the county to keep price down to lower taxes.

I believe if I had this re assed it would come in close to 280 based on the area and work I did to the property.

Any ideas/suggestions on pulling equity out in high tax area or strategy to leverage would be greatly appreciated.

Cheers all