All Forum Posts by: Matt Jiencke

that's good advice Travis, thanks.  

Thanks Kerry!   But couldn't I do that long distance too?   I'll admit that buying my first few properties long distance is intimidating.  

I guess my question is more around tapping into my equity.   It seems counter intuitive to give up our 3% rate to buy another house at 8%.   But like I said, we would downsize to keep our monthly housing costs about the same.   So in that case does it really matter?

Hey everyone,

Live in the Boston area and looking to getting start building a portfolio and have roughly $800k in equity sitting in our primary residence.   

We have some cash to get started with but I'm looking to scale as quickly as possible so I'd like to tap a good portion of our equity.  

My wife is originally from TX and would be a dream come true to move back (we won't get into the weather and other concerns I have...)

A friend of mine said to use our house as a bank but with HELOC rates being what they are, I'm considering selling and buying something more modest in the $500k range in TX.

Our primary is in a high appreciation area and requires flood insurance.   So moving to TX has several advantages.  

Is it worth taking on cap gains, realtor fees and moving costs or should I use a HELOC to get started?