Is that 450-600k equity over and above a 70% LTV?

You do have to pay the seller the "equity gap".

I have about $300k in equity (based on a BPO performed in July 2023) but no cash.

@Taylor Smith if you are looking to buy a home for yourself as a primary residence, I have a video on my YouTube channel called "The Absolute Best Way to Buy a House."

Account Closed that's not the case as long as you live in it as your primary residence for 12 months.

Do you own your primary residence?

Recommend purchasing a primary residence first, ideally a home that needs work in an appreciating neighborhood.

Then fix it up and force equity and then refinance it and move in a bunch of people to do a rent by the room model.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

That's a $268,000 gain per property, or, a total equity gain of $536,000 (which is higher than the CA property's equity gain of $296,000).This is a theoretical example using gross approximations, but hopefully it displays the point that percent-growth is still more important than total value growth.And you're also right about it being a coincidence that certain states are blue and experience high appreciation.