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Updated almost 6 years ago,
What would you do if you had $1M in RE property equity right now?
Hi everyone,
So I currently own five properties with about $1M in total equity / the properties are worth a couple million.
I want to get an immediate 80% credit line and use that $800K in equity to put down payments on new properties (duplexes or a large multi unit apartment building).
What would you do if you were looking for an aggressive strategy to leverage this $1M into as much real estate as possible?
I should note - I have no interest in "making my living" on RE, and it's not my daily job. I'm 30 and looking for LONG TERM wealth from these properties. I don't need them to make a ton, etc.
Thank you!