Don't know where to start!

[Eric Honas]

Hello everyone!

My wife and I are eager to buy our first rental property but we just don't know where to start. I have read a couple of the BP books and working through a few more. We have 160k of equity in the house we currently live in so we are thinking we could useca HELOC to fuel a couple investment properties. We are both born and raised in Colorado and pueblo seems to be very interesting as far as rental properties go.

Any and all advice is appreciated!!

[Malcomb Stapel]

@Eric Honas if your planning on using that equity to start things off, then your first step is easy. Go talk to your banker and get the ball rolling, setup the HELOC ahead of time. In the meantime, analyze lots and lots of deals. You need to understand the numbers so you won't hesitate to pull the trigger when you know you have a deal.