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All Forum Posts by: S Anderson

S Anderson has started 1 posts and replied 4 times.

Post: Need advice on best use of rental property equity

S AndersonPosted
  • Investor
  • Posts 4
  • Votes 0

Thank you @Aj Parikh...when I get further along in the process I’d love to connect and discuss your experience with Martel. I’ve been researching Martel and a couple of others as well. 

Post: Need advice on best use of rental property equity

S AndersonPosted
  • Investor
  • Posts 4
  • Votes 0

Thanks again for all of your advice! I’ve been looking in the Denver area but I just can’t wrap my head around the prices but I’ll keep searching. I like the idea of spreading out over a few locations. There are less expensive cities south of Denver and I’m also researching turnkey because I’m really interested in investing out of state but not in a position to handle it myself.  
Thanks!

Post: Need advice on best use of rental property equity

S AndersonPosted
  • Investor
  • Posts 4
  • Votes 0

Thank you both for the great advice! 

@Jeff White I will definitely take a look at the Aurora area. 

Post: Need advice on best use of rental property equity

S AndersonPosted
  • Investor
  • Posts 4
  • Votes 0

BP-

I currently own one rental that has increased in value substantially. It’s low maintenance and I have a great long term tenant. I’m now considering pulling out some of the equity (around 200k) and buying another investment property. My question is...should I invest the equity in multiple properties using a portion of the 200k as down payments and build a broader portfolio of properties or should I look for just one quality property in that range and pay cash?  The market I live in (Denver) is expensive and competitive so I will likely be looking out of state to get quality at a better price and possibly buy turnkey properties to simplify things. 

Thanks in advance for your help