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Updated about 6 years ago,
I'm baaccckk..... Looking for small multi....
2.5 years ago we bought a second house and rented our first house. The first 8 months were a little scary but since then our tenants have been amazing! They are now in the house for 2.5 years. We live in Colorado along the Front Range and the market is incredibly HOT. The house we rented out has $157,000 in equity based on current estimated sales value and our other house we live in currently (we just had appraised) has $130,000 in equity. I am trying to figure out how to leverage the equity to buy a small multi family to add to our current inventory. Does anyone have any ideas on how to pull enough of the equity from either or both houses to use to purchase the multi family?? Thanks in advance!!!