Las Vegas, Heloc, home equity loan, investment

[Oliver Martin]

Hi. I'm a beginner investor here in Vegas. Hoping to get some inputs from the experts and experienced investors here. I purchased two SFRs back in 2012. One is paid with cash. I bought it for $120k and renting it out for $1100/mo. It's current value is around $180k. The other one is with FHA loan but has equity of around $150k. I have $50k in cash. I have a day time job that pays around $80k/yr. My long term plan is to keep investing so I can work less or even retire early. My question is this. Would you use heloc or home equity line to purchase another property? My options are to buy a $80k, 2 BR condo. Or $250k fourplex with about $80k downpayment. Or maybe even put $80k dp on a $200-250k sfr. Which one would give me the best ROI? Would appreciate your comments/suggestions. :)

[Elizabeth Colegrove]

Welcome to Biggerpockets!

It really depends on what you are looking for. We are buy and hold investors who only buy specific properties. We also don't fund our future investments buy pulling money out of current investments. You will love the diverse community and all the resources. So a great place is to look around the blogs, forums and listen to the podcasts for different niches. If you see a post you enjoy check out the persons signature. Many of us including myself talk about our strategies, styles, niches and business model on our website. So definitely check that out as it is an amazing additional resource. For example, my blog is about while working full time, buy and hold investing, 0% Down Rentals, Personal Properties turned rentals, Long distancing investing, self-managing 3,000+ miles away. Definitely list your blog or website in your signature, if you have one. Its a great additional networking source.

Look forward to seeing and connecting with you around!