How should I turn my parent's two condos into more property?

[Kevin Sha]

My parent's bought two condos in Orlando, FL maybe 10 years ago for around 60k-70k each. They're fully paid off and have tenants in them. The value now for each is probably $100k+. I don't know all the numbers fully yet. But my parents haven't really done anything more with them.

I want to help them get to the next level. But we are all essentially newbies to REI. I will do my best to use this as a learning experience and get myself into the game while helping my parents.

What do you guys suggest is the best way to use the 2 condos to expand and buy more property?

[Seth Ferguson]

Step number one is to leverage those properties to get the capital to acquire more. A paid off properties is just equity sitting there idle.