New to BP, looking for advice on how to build my portfolio.

[Mike Anderson]

Starting my real estate portfolio, I live in Salt Lake City Utah.

My wife and I have four town homes, one of which we live in. One is in my wife’s name, three in mine. With all four we have about 260k in equity.

With house prices in our area sky rocketing and interest rates climbing, I’m getting nervous as to what our next step should be. How to make our equity work for us.

What type of loans should I be looking at, should I consider 1031 so I can use as much equity as possible?

I talked to one lender and they said i had to keep 25% equity in each property and that left me with roughly 90k I could use if I were to do HELOC.

Any and all advice or insight would be much appreciated!