I did a cash out refi on my principal residence at a much lower rate and paid it off.Now I plan on using the equity for more purchases.What? 

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

I have 100% equity in a home valued at about 400k.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $417,500

Cash invested: $37,575

We weren't super happy with anything we were seeing on the market, so my hus...

Live in one side for a year to meet your residence requirement for the loan.3.

Investment Info:Single-family residence fix & flip investment.

FYI Dominic, the resident had been in the property since early 2019 and ran into issues in 2024. 

Is acquiring a new primary residence and renting your current home feasible?

Investment Info:Single-family residence fix & flip investment.