Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Jake Warr
0
Votes |
4
Posts

What to do with $80,000 in home EQUITY?!

Jake Warr
Posted
Hello fellow Bigger Pockets enthusiasts! My wife and I have flipped a few houses with exciting success and we are now wanting to start our venture into rental properties. We just finished the house we are currently living in and got it appraised. We have created $80,000 in equity and would like to use it wisely! Our thoughts are to take out a Home Equity Loan and HOPEFULLY (if we play our cards right) buy 3 houses with it, 2 as rentals and another to flip. We then hope to use the BRRRR strategy to by more rental properties. My question is this, would this be a wise way to use our funds? Second question, how would you use $80,000 in home equity?

Loading replies...