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Updated over 6 years ago,

User Stats

67
Posts
14
Votes
Phil T.
  • Battle Ground, WA
14
Votes |
67
Posts

How to leverage $100k in equity in my primary house for rentals?

Phil T.
  • Battle Ground, WA
Posted

Since I bought my primary residence about 3 years ago, prices have gone crazy, and I have around $100k in equity in it. What would be the best way to leverage this equity towards the purchase of rentals? Maybe a HELOC?

I'm currently getting ready to close on my first duplex in the next week or two after saving for quite a while.  I plan on continuing to save for more rentals, but I figure if I can use the equity in my primary to speed things up a bit, that might not be such a bad thing.