Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago, 12/18/2013

Account Closed
  • Involved In Real Estate
  • New York City, NY
2
Votes |
25
Posts

Best Plan For A New Investor?

Account Closed
  • Involved In Real Estate
  • New York City, NY
Posted

For a new investor with good credit but limited cash to start out with, what's the best path for building wealth and being able to finance multiple properties (say 1 property a year)? I don't want to get myself stuck in a situation where I invest in my 1st property and then can't do it again for a few years. If I start out with a buy, refurb, and hold as a rental property, would I be able to use the equity in that home 1 year later to do a home equity loan to fund my 2nd property down payment on a 2nd property? And could I continue to do that somehow? Or would it be smarter to fix & flip so I can get some more cash in my pocket for my 2nd deal. Or are there any other ways of financing multiple rental properties that I haven't thought of yet? I just want to be smart and plan ahead before I make my 1st leap !

Loading replies...