Hattiesburg MS- looking for my first rental property

[Shane Freeman]

I have found a few MFH's that are within my budget, but I am a little hesitant to make the leap into the whole process of owning a rental property. I currently own a home and was planning on taking out a HELOC to help purchase this rental property. I would more than likely higher a property management company, just curious if y'all have any tips or tricks that could help?

Thanks! 

[Michael Dumler]

@Shane Freeman get all of your ducks in a row. Have you identified a resourceful agent, pm, contractor and lender? It seems you have already pin down your target market and criteria. Pulling a HELOC normally allows you to borrow up to 85% of your home's value and are typically variable rate loans. Make sure to take this into consideration when analyzing deals. Once all of this is assoretd, start pulling the trigger and put in offers. Best of luck!