Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.

This is like buying any other property, it is valued at whatever the market is.  

That being said, I don't have the information I would need to say for certain, but that sounds as if that's a high price for the asset you're considering to buy.

Let the money stack up until you either want to buy another SFH and do the same thing, or decide to spend it on a Ferrari.Just my 2 cents.I can’t argue.  

Investment Info:Single-family residence buy & hold investment.

Purchase price: $285,000 Cash invested: $33,500 In May 2024, I purchased a duplex in College Station as a house hack.

You may be declined for not being an owner occupant, but it will still buy a little more time.

This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender. what markets?

Buy where you intend to live, where you know the areas best.

How where you able to buy a house w a  cc?