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Updated over 7 years ago on . Most recent reply

User Stats

7
Posts
5
Votes
Anthony Reyes
  • Midlothian, VA
5
Votes |
7
Posts

Next move advice for building portfolio

Anthony Reyes
  • Midlothian, VA
Posted

Back in January I jumped into the rental market with renting out my old house. The house is worth $190,000 and I owe $116000 and is currently rented netting $420 a month. I would like to buy another rental property and try out this BRRRR method that I am hearing about. Should I get a HELOC or is there another route I could use to leverage my current rental, I have hear about a cash out as well. Since I'm new at this I just wanted a professional advice.

Thank you!

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