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Updated over 3 years ago, 05/14/2021

User Stats

8
Posts
7
Votes
Jose Grimaldo
  • New to Real Estate
  • Lubbock, TX
7
Votes |
8
Posts

New to Real Estate, not sure what to do!!

Jose Grimaldo
  • New to Real Estate
  • Lubbock, TX
Posted

Hello biggerpockets family. My name is Jose Grimaldo and I'm out of Lubbock, TX. I really want to get started in real estate and not sure what to do. I currently have a home that I'm paying on and have about 20-30k in equity in it. Not sure if I should sell my home and use the equity as a down payment for a duplex. My family live in one and rent out the other. My other option that I was considering was to get a home equity loan and use that money as a down payment for a property. Rent it out and let it pay itself off. Not sure what to do, I'm new to all this and would really love some opinions! Thank you!

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