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Updated over 1 year ago,
Looking to get started in investing for my family
I currently have about $100,000 in equity in a home I am about to rent out. My mortgage payment is $1500 at 2.87% and I can get about $1800 for rent. My question is this, should I take out a HELOC loan at a higher percentage rate and use it to invest in other properties? Living in the Austin, Tx area, prices aren't that low to do a lot of BRRR's. I'm ok in doing LTR, MTR, and STR in Texas. Any and all ideas are welcome.