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Updated about 2 years ago on . Most recent reply
How to keep scaling my real estate holdings
I own 4 rental units (3 condos and a multi-family). I have 25-35% equity in all of these properties. How can I best use this equity to keep scaling my portfolio?
It seems banks aren't really doing HELOCS on investment properties right now.
I have looked into securing lines of credit through resources like
https://www.corevestfinance.com/learn/ but am a bit skeptical as well.
Anyone have any advice on strategies I could execute to keep acquiring more properties?
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Quote from @Kevin Bulger:
I own 4 rental units (3 condos and a multi-family). I have 25-35% equity in all of these properties. How can I best use this equity to keep scaling my portfolio?
It seems banks aren't really doing HELOCS on investment properties right now.
I have looked into securing lines of credit through resources like
https://www.corevestfinance.com/learn/ but am a bit skeptical as well.
Anyone have any advice on strategies I could execute to keep acquiring more properties?
I would fine ways to create capital quickly through flips or wholesaling. I wouldn't pull anymore equity or refi since you are at the correct ratio for stabilizing a property. If you were to move money out, you could potentially limit cash flow and not have enough cushion in your holdings.