Newbie Investor looking for advise

[Eddie Marcano]

Hello Everyone.

I'm so fortunate to have found this site.

Well, Here is my situation. We recently purchased a 5 unit property in Schenectady, NY. The purchase was cash, so there is no debt or mortgage. The property is 85% occupied. One tenant was evicted last month. My question is; How do we go about using this property as collateral to purchase another property.

Which route should we choose; HEL,HELOC, Hard Money ,private lenders.