Just got my first multi family property! Now….?

[Paul Whitehurst]

Hi, I just got an accepted offer on my first property (4plex) in Anderson, IN. Going in, I have a HELOC that I can draw about 60k from my primary and then 25k in cash. This first property will require about 35k of that 85k.

My question is, what is best way to scale and continue buying properties without depleting all of my money?  Can someone easily explain best way to leverage my new property, etc to be able to get a 2nd, 3rd, etc by only using my properties as collateral?  Meaning, is there a way, maybe even after my 2nd purchase, to only use my properties to continue to scale?  I am only doing turnkey properties so there won’t be much equity other than initial downpayment.   I am just curious how people scale when they don’t have a lot of liquid cash like me?  Would love to know more!  I want to get, at least, 5 properties over the next 2-3 years if possible.  Thanks!