Newer Investors - Financing Options/Starting point

[Bridgett Wiggins]

Hi BP,

My husband and I have one investment property (tenant in place) that we acquired via FHA and we have gained a little equity from it and we are trying to grow our portfolio and dive deeper into the real estate investing world. We are just having a hard time finding funding and figuring out a place to start. We'd like to do buy and hold since we have some experience with being landlords here in Georgia. We have been looking in the midwest, specifically Ohio to add more properties. My question is what is the best way to fund our initial investment without leveraging our personal credit and savings too much? We both have good credit, our investment home has equity, but we have less than 15k to get started. I'd say we have about 90K in equity but I want to have a backup plan since many HELOCS are from 70-80LTV. We also discussed doing some wholesaling to add on to the cash we already have but need to find cash buyers. Maybe I am over thinking this but figured I'd get some opinions from some of the best to do it here on BP. Thanks so much!

[Bridgett Wiggins]

@Nathan Gesner We were thinking of just utilizing a small portion of it purchase a property in cash instead of financing or utilizing it to fund properties at the tax deed auctions or land banks. Thank you for the insight and response.