Using Equity to build rental portfolio?

[Tom Adams]

Hi, I have a beachhouse that has approx 750k of equity and am looking at doing 1 or multiple things. At the very least, I will be using this property as a short/medium term rental. Also, I was wondering how/is it a good idea to use the equity in this property somehow to purchase other rental properties? Any tips are much appreciated! is there an episode i can listen to that targets this question? I should note this beach rental is in a popular location and renting the home shouldn't be an issue for families looking to enjoy a week or two super close to the beach.

Thank you!

[Brad Jacobson]

I'd guess the majority of serious RE investors got that way by leveraging property to buy more property.  You should absolutely be considering harvesting that equity.

Just note that with debt comes more risk and liability. Don't go for broke on your first few deals but I would absolutely put that money to work and go buy more.  

Buy smart and you'll do amazing.

Good luck!