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Updated over 5 years ago,
Pull out 400k in equity to invest in commercial?
Hey guys. I have about 400k in equity in my home and another rental property. I already own 30 doors, but I’m trying to get to 100. Would you pull out that equity to buy a 1.3-1.6m apartment building or would you leave that equity alone and continue to build up your savings to get a 25-30% down payment? I’m torn between paying off home and quad from work income ( I owe about 200k total) or pulling out money to invest for more cash flow. Any wisdom appreciated.
Thx!