Funds for First Property

[Davin E.]

So I am reading BRRRR and a newbie so please go easy on me :) Although I have had the dream to do this for a living for about 10 years now.

Trying to sort out what is best for my situation.  Please feel free to point me to another thread if this has already been covered. 

Own a single fam home that we live in, and trying to build equity via early payments and forced appreciation by doing upgrades by adding sq ft, a bathroom, etc.

Once completed I was going to get a home equity loan to pay for a rehab investment property and do BRRRR. Hoping on having $100-150k in equity at this point if the market stays steady.

All my cash would be going into my home.

Because of this.. I would need to put the investment refinance money back into paying off the home equity loan I took out.  Then hopefully end up with a profit of the value we added.

Then at that point my home equity would be restored.  

Here is where I guess I would be stuck with cash?  I would have the say.. $25k in profit and a loan on the second property.. but not enough to pay cash for another property.... would I then have to use my personal equity again to buy another property along with the profit on the first one?

Once it made sense.. I know I would want to use only investment/business money and not the equity in my home to fund purchases.  To keep business and personal investment seperate.

Is there anything I am missing here? A better strategy? Is this a bad idea? ( I know I should have probably just kept my personal home as cheap as possible and saved the money and used that cash to avoid all this.. but I guess its kind of late for that as its already tied up and wish I read BRRRR earlier)