What to do… - Posted by chris
Posted by chris on February 28, 2002 at 20:50:47:
I have been fortunate enough to take over a family home in the Northern California way before the market surge of '97. I am renting the place out for $1000 positive, but would like to expand my real estate portfolio. I have around $250,000 equity built up right now and would like to take some or all of it out (either through a second or Refi), but haven’t decided what to do with the money. I am hesitant on taking all of it out because of the positive cash flow, but would really like to start building now. Since I am still learning how to invest in RE, would it be better for me to start out purchasing Single Family homes or go for the big sha-bang and start looking at apartment complexes?
Any suggestion would be appreciated.