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Updated over 6 years ago,

User Stats

48
Posts
13
Votes
Kevin Gregg
  • Real Estate Agent
  • Waukesha, WI
13
Votes |
48
Posts

Trying to build my empire

Kevin Gregg
  • Real Estate Agent
  • Waukesha, WI
Posted
So I currently own two duplexes. One I house hack with my VA loan the other is rented and generates about $500 positive cash flow. I have about $50k in equity in the house I live in and am thinking about refinancing my VA loan to pull out 100% of the equity and invest in another property. After I pay off my line of credit (16,000) I will have roughly 35K to invest. Unfortunately with the high real estate prices today and needing 25% down I dont see many options for anything other than hood properties and that makes me nervous. Any advice or ideas would be appreciated.

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