Second Investment Property

[Giovanni DiBlasio]

Hey everyone! I am a somewhat new investor, but longtime reader of this site/listener of the podcast. I've been househacking a duplex for about a year now in Keansburg, NJ (purchased last December) and was looking to purchase a second investment or purchase a flip house. My thinking was that I'd take a HELOC out on the property I live in now and use those funds for a down payment on the next investment (be it a flip or rental). I applied for a HELOC with Affinity, but was denied because the house does not have enough equity in it. That said, I'm a bit stumped on my next move. I know tons of people on this site have been in my shoes and was looking for any advice you all can offer! Thanks in advance!