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Updated over 6 years ago,
How to leverage $100k in equity in my primary house for rentals?
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.