Using my home to fund my next deal...

[Izzy Smith]

Hey everyone!

Newer investor here looking to get some advice. I recently purchased my first home using FHA. It feels great to get in the game but now I need to think about the bigger picture.

My property is a 2 - unit in the suburbs of Chicago that is currently renting under market. I plan on forcing appreciation by making upgrades to the property and paying down the mortgage. My question for everyone is, generally speaking, how have you used your home to fund your next deal? Can you share you your stories of using helocs / cashout refis / etc. to fund your next real estate deal (or stories about the pitfalls in using this strategy)? 

Thanks so much everyone!

-Izzy