New Member Introductions
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
![Alexander Witt's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2229656/1629427615-avatar-alexanderw150.jpg?twic=v1/output=image/crop=1633x1633@0x568/cover=128x128&v=2)
Introduction and a little bit of advice
Hello all.
First a little bit about me. I am a 29yo Landlord. Purchased my first Duplex in September 2020 and owner-occupy. Upon close of that property, it was vacant. I took the opportunity to "stage 0" both the upper and lower. New paint, ceiling fans swapped for light fixtures, and TLC to the bathroom; especially the rental..plus much much more. I am so happy I put in the work that I did.
Shopping for tenants went fairly well. My aunt (former landlord of 20 years) helped quite a bit with the logistics. My tenants that I have are great and I plan to offer a renewal when the time comes (December 2021). Besides the little expenses and even big expenses (both furnaces replaced January 2021) I have no complaints.
A goal of mine and something that I have said many times was that I want to buy a second property within a year.
Now this is where I am looking for advice. Who here recommends or has any experience taking out a HELOC for use as a down payment on a second investment property (duplex)? I've read that this could be option and while ultimately it is up to my lender, I am looking for opinions from the community.
Thank you.