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Updated almost 5 years ago,

User Stats

9
Posts
6
Votes
Toby Sheehan
  • New to Real Estate
  • Downeast Maine
6
Votes |
9
Posts

Options for harvesting equity for next purchase?

Toby Sheehan
  • New to Real Estate
  • Downeast Maine
Posted

This June I’ll have approximately $300k in equity between 2 short term rentals. I’d like to harvest that equity towards growing my portfolio. After listening to Brandon’s webinar on Multi’s, I’m definitely considering that option.

Two questions; should I refi one of the properties or go with a HELOC to access equity? Given that I'll need 60k for down payment on multi, should I go that route or split that $60k between 2 more STRs?

I'd really like to grab my first multi but debating whether I should stay in my STR lane.

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