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Updated almost 6 years ago,
225k in equity... What should I do ?
What's going on people? I need help with my business strategy. I have 2 rental properties which are free and clear. I'm sitting on at lease 225k in equity. Having properties free & clear for 2 years now has been so great and comfortable for me. Honestly, I haven't been putting the money back into the business. I sorta created a lifestyle relying on the funds from my rental. I'm in the process now as far as scaling back monthly payments in a way I don't have to spend my rental income. It's like I'm a spoil investor. I swear I want too leverage but I think it's a mental thing. I'm sorta scare because I came too far in life to lose my equity. I come from the projects and I can't afford to take any losses lol. I will like to leverage to scale up my business & purchase more doors. Also, to be in position to buy in case of a down turn in the market. ANY advice ???