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Updated over 7 years ago on . Most recent reply

Kaelin Koppelman's profile image
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Kaelin Koppelman
  • from Puyallup , WA
  • Member since Sep 12, 2017
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Kaelin Koppelman
  • from Puyallup , WA
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Kaelin Koppelman
  • Puyallup , WA
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Buying & Selling Real Estate

Advice on acquiring more real estate

Kaelin Koppelman
  • Puyallup , WA
Posted
I'm looking for some advice on acquiring more rental properties. Right now I have one rental and live in another property with my wife and Kids. Both properties have at least 100k in equity each. I want to use the equity to acquire a new property but the problem is I live in the suburbs of Seattle and the prices are outrageous...is anyone in a similar situation that I am and if you are/were did you start investing out of state?
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JD Martin
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  • from Northeast, TN
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JD Martin
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  • from Northeast, TN
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  • Rock Star Extraordinaire
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

One strategy: take out a HELOC on your current home, then use those funds as a down payment on another property.

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