Kansas City Missouri investor new to Bp forum

[James Payton]

I'm a new investor who's listened to bp real estate rookie podcast for a few months now. I purchased my first property a single family home in October of 2023 via conventional owner occupancy loan. I'm now looking to use the equity built (estimated 40-50k) to purchase my next property. Preferably a duplex rental. Any advice on things I need to know or think about as I approach this strategy. My goal long term goal is to hold properties for at least 5-10 years as rentals, leveraging the equity as capital for the next deal.

[Caleb Brown]

Happy to connect. Not sure if there is a way to tap into that equity, I don't think 40-50K would be enough to do a HELOC or a refi. Can you save for a down payment to do a house on a duplex? Those are lower down payments.