Or what are other ways I can access this equity to purchase?  

Purchase price: $530,000 Cash invested: $20,000 Hello all!

I have purchased my first home already!

Quote from @Juan Perez: Greetings,My first home was paid off over a year ago, and I am now living in my recently purchased 2nd home.

Purchase price: $125,000 Cash invested: $120,000 First try at turning a single family home into a duplex while going through the permit process for the first time.

Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.

It's calculated as the ratio of your total loan amount (loan amount for purchase + loan amount for your rehab) to your total costs (purchase price + rehab budget). 95% is a good target.Avoid application and other upfront/junk fees. 

Purchase price: $450,000 Cash invested: $450,000 Centrally located near Shopping, Entertainment, Transportation and much more.

Quote from @Matt Wan: Can I purchase a property using a traditional mortgage without being physically present for any part of the process?

This growth typically drives significant appreciation, which is the key to making this strategy work.For example:Let’s say you purchase a property for $300,000 with 25% down in a market with an 8% annual appreciation rate.