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Updated 3 months ago, 10/09/2024
Looking to purchase next property
Hi everyone, happy Sunday!
I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.
My long-term goal is to acquire enough rental properties to secure my financial future. In the short term, I aim to replace my monthly income from my current entry-level job, I dont make a ton of money so this shouldn't be too difficult. Since I don’t have many assets or a lot of cash on hand, I’ll need to be creative and strategic.
Currently, I own a single-family home that serves as my primary residence. I'm considering getting a HELOC for a down payment on another property. I've also heard about the possibility of buying a new property with a lower down payment while keeping my first home as a rental.
I understand that it may take time to build the capital for larger deals, but I’m committed to making it happen. I’m open to any suggestions or feedback you may have.
Thank you!