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All Forum Posts by: James Payton

James Payton has started 1 posts and replied 3 times.

@Meghan Carson thanks, that's what I was seeing in my research as well but wanted to confirm. 
house hacking isn't ideal for my family situation. So was just seeing options for getting more capital faster than what I'm currently able to save. 

@Caleb Brown thanks Caleb, that's what I was thinking when running The numbers but wanted to confirm. I've been saving but wanted to see if I had other avenues 

I'm a new investor who's listened to bp real estate rookie podcast for a few months now. I purchased my first property a single family home in October of 2023 via conventional owner occupancy loan. I'm now looking to use the equity built (estimated 40-50k) to purchase my next property. Preferably a duplex rental. Any advice on things I need to know or think about as I approach this strategy. My goal long term goal is to hold properties for at least 5-10 years as rentals, leveraging the equity as capital for the next deal.