Thoughts on leveraging current equity to purchase REI?

[Christian Albright]

Hi everyone,

My current strategy is house hacking but l realized recently that it’s hard to make a property cash flow with current real estate prices. That being said my property has gained a lot of equity since I bought it and I was thinking of leveraging the equity to buy an investment in another market. I’d be curious to hear how it went for you and what type of equity cash out you used? Thanks! 

[Jonathan Styer]

If you have the equity and want to scale your investments, that is a great way to get the capital for your next deal. While you may not be cash flowing great in Denver, I imagine you're saving a bunch in living expenses by having tenants which helps the bottom line. I'd suggest checking out Columbus, OH if you're looking to invest out of state. Great mix of appreciation and cashflow.