Of course, but the terms are fantastic - I pay nothing out of pocket, gain a few %and $200/month immediately, $1250 in equity/month and more if my buyer closes for higher.

"Built in" equity is theoretical only, until you sell the property.I would read, and then re-read, everything that Jon has written in this thread (and others).

The canned speach is invest in equities and over a long period of time(used to be 10 yrs) you will be fine averaging 9-10% returns.

I currently have about 350 to 400k in equity in my personal residence and would like to use it as leverage to buy a multi family rental property.

So I pulled all my cash out plus 20k plus positive cashflow monthly and built in equity.

When completed we should conservatively have $32,000 in equity to play with.

I'm generally pretty slow at work during the winter, and have considered trying to do a flip or BRRRRRRRR over that time to either get a lump sum of cash to roll into another property, or have something to hold longterm with some built in equity. 

If you buy at the right time you can make a lot of money in equity but pick the wrong phase of the cycle and you have to hold for a long time.

I've got about $40k in equity I believe, so I am contemplating my next move at this point:1.

I have future plans to invest in equity appreciation market.