Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Larry Eaves
  • Bloomfield , Mo
1
Votes |
7
Posts

Should I use what equity I have built up

Larry Eaves
  • Bloomfield , Mo
Posted

hey guys anouther question. I have 2 of our rentals free and clear I was wondering if it's a good idea to use that equity that we have in those houses to make the down payment for mfh looking into possibly buying our first with hopefully up to 10 or 12 units . I'm starting to feel like I'm in a rut here just kind of stuck with what we have and not moving forward very fast at all. What's going to be my best bet with this equity we in these houses

Most Popular Reply

User Stats

610
Posts
131
Votes
Nathan Click
  • Lender
  • Morrisville, NC
131
Votes |
610
Posts
Nathan Click
  • Lender
  • Morrisville, NC
Replied

@Larry Eaves Always leverage when possible. You can roll that equity into a down payment on a new asset (or new assets). Combining the equity with a loan will maximize your buying power and your ROI. Now rather than losing money by having the equity sitting in the property you have converted it into a revenue generating function AND you are utilizing debt to to generate revenue as well, without decreasing your cash position. Its a win-win! The next question to ask is how do I pull this off and get this most for my trouble.

Loading replies...