Should I use the equity in my primary for a rental???

[NIcholas Hamel]

Hey everyone I have a question for you. My wife and I just bought our first rental property and we are considering another. We have a good amount of equity in our primary residence and are thinking about doing a cash out refinance and using our equity for another rental. Do you think this is a good idea? Thanks!!

Nick

[Carlos M.]

@NIcholas Hamel, yes!!!!! We started out 13 years ago with the $60k in home equity. Using only the equity and continuously Brrrring and redeploying it my wife and I built a little empire. 13 years later we have 91 units with a market value of 10million…. Again, all started with our home equity.