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Updated over 6 years ago on . Most recent reply

Newbie in Skokie, IL
Long time listener, first time caller. First property was primary residence but I am focused on acquiring a 2-4 flat income property with the goal of cash flow.
Primary residence was a foreclosure. In the first year I replaced the roof, new AC/Furnace and insulation for silver level residential certification. Also gutted bath and kitchen.
Heard an episode where someone used a HELOC as downpayment for next property and I'm interested in this option to help me move forward. Anyone else used this method?
What are my next steps in securing financing?
Thanks in advance for your help. I am excited to become a part of this community and take my family to the next level!