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Updated over 8 years ago,
Home Equity Loan from First Investment
I have an investment home that is worth 430K. Its equity has doubled in the last four years. Should I take a home equity loan to take money out to invest in a new property? I would really like to by a MFR, but I am not sure it that's a good Idea. I am looking to invest In Indianapolis, IN, since the market in California is so expensive. Any suggestions?