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Updated over 7 years ago,
Best way to move forward?
I am looking to move forward with more properties and looking for suggestions on my thoughts to move forward. I have been reading the forum and articles for several months as well to gain knowledge.
Right now I have a duplex I live in and mortgage payments and property tax are covered by the tenant's rent while I cover the other property costs from my full time job. Right now I still have to live in the property and do not have the ability to house hack at this time.
I also have a single family home with approx. 85-95k that is 100% paid and has no loans and is rented out as well as about 32k in cash to work with.
I was considering an equity loan on the single family to utilize that equity as well as cash on hand for the next investment I make and was considering multiple duplexes or a 4+ unit. I am looking for cash flow to accumulate cash for future deals and expansion of my real estate portfolio.