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Updated over 7 years ago on . Most recent reply

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Derek Mizysak
  • Milwaukee, WI
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What's the next move?

Derek Mizysak
  • Milwaukee, WI
Posted

Hello everyone, new to BP and am looking for some guidance. I've owned a duplex in West Allis since 2009 and just moved out and placed a tenant in both units. Property currently cashflows pretty well but now I am wondering how to acquire the next multi-family? Should I leverage the equity in my house (might have $20-30k) or pull from my 401k? I recently learned of the BRRRR strategy and was looking to try that. I was originally planning to do a cash, 401k and private loan combo, but I am curious about the options to leverage the house equity. Any suggestions?

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