Question about leveraging an investment property

[Jonathan Ramsuchit]

Hey everyone!

New to BP and overwhelmed by the great amount of expert and advice here!

Im currently in contract for my first Investment home.

Purchase price 153,000, dp= 30,000.

After I purchase, what can I now, or how long do I have to wait to leverage and buy another one? Heloc?

Do I have to wait some time and then do a Heloc?

Can I use this house as collateral when I am looking to buy another one?

I think that is all the questions I can think of now!

Thanks In advance!