International Property - Equity drawn-down to invest in the US

[Anthony Kaleta]

I worked in London, UK for +8 years and during this time I purchased a residential property, there. 18 months ago, I relocated to Philadelphia, USA and I now rent the London property to tenants. 

I have some solid equity built up in the London property and I am keen to release some of this equity and invest it here in the US (specifically, in residential property here in Philadelphia). Does anyone have any experience in doing this? 

I have been researching a solution for some time now and haven't found anything that can help me. Any assistance from BP nation would be hugely appreciated!! 

[Ethan Giller]

What do your numbers look like on your property in London? What is the market value currently,  and how much do you rent it for? Philadelphia is a great city for cash flow, and has a lot of multifamily inventory for house hacking options. Unless you are planning to move back to London, you might want to seriously consider selling that property and investing the money locally for a better return.