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Updated over 3 years ago,

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Using equity from primary home to invest in multiple properties

Julianne Paragas
Posted

Hi everyone, I am new to this forum. I am ready to start my real estate investment journey and need your help and expertise. So my question is what should I do with the equity in my primary home to invest in multiple properties. I live in LA county California. I bought my primary home for 1.225 mil with a 15 year mortgage at 3% interest. I think my home might be worth 1.4-1.5 mil now.  I have a balance of $260K left on the mortgage with 6 years left. What makes sense for me? A Heloc, home equity loan, cash out refi, mortgage loan with recast? Any other options that I haven't listed? I also wanted my investment properties to be a 15 year mortgage just in case that makes any difference on what I should do. I want to buy and hold properties for cash flow, long term and short term rentals. Thank you in advance for your help. 

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