What strategy can I use to buy my next property?

[Nicoló Tossici]

I have bought a rental property several months ago. I have 100% equity but because I was a newbie I was not able to refinance it when interest rates were low/decent, and I lost the opportunity. What should I do now to buy my next property? Should I partner with someone? How do you approach a private investor or potential partner? By the way I was thinking to use the BRRRR strategy to scale my business.

Thank you, Nico

[Nathan Murith]

@Nicoló Tossici 

Welcome! I agree with both comments above. BRRRR is much harder than it once was and risk that, personally, I am not looking to take one right now.

HELOC is an approach I would consider. Despite higher rates, you could also look at taking out a much smaller mortgage on the property. You could so something like 50% or 40% loan to value if the property still cash-flows and that amount can be financed.

we also do some private lending and partnering from time to time, if you want to connect and discuss more. Please do not hesitate to reach out, connect and DM me.