My question is - what is the best strategy for utilizing my home equity and buying my first rental?

@Heidi FahringerReal Estate Expertise - Are they familiar with real estate-specific tax strategies, such as depreciation, 1031 exchanges, and write-offs for repairs, property management, etc.?

I agree with @Tim Delaney Delaneym Delaney that you should reach out to RJ Gullo regarding the 1031 strategy.

Would love to network and see if I can help you if you’re considering any short term rentals as part of your investment strategy.

Even with a lower prime rate, the affordability boost is limited if home prices remain elevated and rents don’t increase proportionally.For investors, this might be the time to get creative: value-add strategies, BRRRR, or exploring underserved markets where rents still have room to grow might help improve cash flow potential.

The other thing to consider is your renting strategy, Long, Medium, or Short term/Airbnb.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

So just like most strategies, if you do not have the required network and insights to CORRECTLY execute, than get the team that does.

What strategies do you have interest in pursuing?

It’s awesome to see your enthusiasm for long-distance investing and buy-and-hold rentals—it’s a smart strategy that can work well with the right systems in place.