Looking to purchase next property

[Teahjsia Frazier]

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!

[Joseph Bui]

Hi Teahjsia, I’m based in the Seattle area but have a portfolio of 9 doors across Memphis and Detroit. I was able to scale through a combo of BRRRRs, turnkey and everything in between. I think using a heloc is a sound strategy, but be sure you find a deal where you can cash out refinance into a more stable loan. HELOCs usually have a rate based on market which can bring instability to your numbers. Happy to connect and knowledge share if you are interested.