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Updated about 5 years ago on . Most recent reply

Jarod Castaneda's profile image
Jarod Castaneda's profile image
Jarod Castaneda
  • New to Real Estate
  • from Reno NV
  • Member since Feb 8, 2020
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User Stats

38
Posts
19
Votes
Jarod Castaneda's profile image
Jarod Castaneda's profile image
Jarod Castaneda
  • New to Real Estate
  • from Reno NV
  • Member since Feb 8, 2020
Connect
Jarod Castaneda
  • New to Real Estate
  • Reno NV
19
Votes |
38
Posts
New Member Introductions

Use equity from home to buy rental?

Jarod Castaneda
  • New to Real Estate
  • Reno NV
Posted

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

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