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Updated over 5 years ago,
Rental properties advice needed
I have approx $160000 in equity on our rental property, it used to be our primary home, converted to a rental when we bought a new home
I was told the equity I have in it is dead money and if I wanted to really start investing in rental properties I should pull the equity to purchase 1-2 more rental properties
Im a landlord by mistake honestly but Ive learned enough to make it work for nearly 3 years.
I really want to start learning as much as I can and become a successful real estate investor and landlord
Question 1: what would you do with the equity I have in my rental? Use it to buy more rentals or leave it so I get my rental paid off (approx $76000 left to pay)
Question 2: what was your first real estate investor reading material that really helped you learn the ins and outs of being a landlord or real estate investor or both?