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Updated 4 months ago, 09/03/2024
Keep the ball rolling
My husband and I are new to RE investing, and we're looking at a property we want to buy to start our portfolio. In order to purchase this first property, we got a HELOC on our home for the down payment and closing costs. Our question is, once we do this, how do we recoup enough funds to purchase a second property sooner than a few years from now? The property we're looking at will have an estimated $400-$500/month cashflow, but that doesn't seem like enough to pay back the HELOC super quick or save another 20-25% for a down payment. TIA!