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Updated over 13 years ago on . Most recent reply
![Joey Fontenot III's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/54697/1621412096-avatar-lsutiges03.jpg?twic=v1/output=image/crop=300x300@0x49/cover=128x128&v=2)
Bought A RENTAL HOUSE FOR CASH --Want to buy Another using Equity Line
I just bought a rental House in my local area in the 25k range and the house had an appraisal done about 9 month ago that had it appraised for 55k. I have only had the house for a couple of weeks. It is currently rented by tenants. At this time I was looking for advice on how I could leverage this investment house to get a Home equity credit line or some form of refinance so that I could buy more properties. I am looking to buy a couple more properties so I would need to have enough money to be able to afford this. Any Ideas on the best way to go about picking up more properties
Thanks
Joey