New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago, 02/17/2020
Use equity from home to buy rental?
Good evening everyone, its great to have found this amazing website!
I am fairly new to property investing. I bought a house in the military and rented it out when we moved. The house in Kansas has been doing great for us; so great we want to grow! We moved to Reno and bought a house 2 years ago and now moving to Dayton.
We have about 100K equity in our home in Reno when we sell. Is it wise to use some of this equity (20-25%) to buy a rental in Dayton? We typically buy the home we live in with a VA loan and don't normally put a down payment.
Any advice would help!
Jarod