Aloha from Hawaii, New Member

[James Chun II]

Aloha all,

New member from Oahu, Hawaii.  Trying to further my real estate investing.

Right now I have 2 rental properties on Oahu and 1 primary residence.  The rentals just about break even, which for Oahu isn't that bad.  Between all 3 properties I have about 500K in equity.  I don't have any cash to invest with though so thats my major hickup.  So a lot of equity and no cash.... 

Trying to decide where/how to invest next.  

I enjoy reading all the post on the sight so far.

Mahalo,

[Duc Ong]

@James Chun II Another option is to get a HELOC. Many of the local banks and credit unions offer intro rates. This would allow you to tap that equity without doing an appraisal, as long as it's under $250K. I recently did this with my primary residence and put the whole balance on the HELOC. Now I have more liquidity and can pay down the principal balance much faster than with the traditional amortized loan. Let me know if you have any questions!