I have a duplex with around $80k in equity, a decent savings of a little more than that, and access to private money.Any tips and advice before I dive into it?

Say you buy a 200k house and it goes up 8% for the next two years you would have built up 33k in equity excluding paydown.

I am imagining simply my colleague and I opening an LLC in the state where we will purchase the first property, each putting in equal capital and purchasing said property. 

And it also doesn't account for the projected $1.5 Million in equity that will be realized. 

Sorry for the long post.

I am new to real estate and looking to grow my portfolio.

WHERE I CURRENTLY STANDI have a house that we have operated as a short-term rental since August 2022. I grossed ~$29k and net s...

If my math is correct this property will probably appraise for around 450,000 as is which means I can pull out around 100,000k in equity.

Once the balloon is up in 5 years, I will have about $60k in equity across the $325k loan.

There are several comps around it that are listed at 1.2 million+ so I believe that if we put in an offer and it's accepted in that range, there will be built in equity. 

IE I am the buyer I don't need a realtor or wholesaler between me and the seller... but in the mid west in these cash flow homes we have just not had to do that as there is simply plenty of inventory.. at least for the numbers my vendors want to make.And for the whatever its worth file there is no such thing as buying with built in equity.. its worth what you paid for it when your tlaking mid west rust belt.. nothing and I mean very few will sell for refi appraisal values. 

But if the equity play is that important to you then I My suggestion is that you do arbitrage and then put the money you would have had in equity into a better asset class such as multi family to hold your wealth.