All Forum Posts by: John Ted Kenney

Thank you for the response! My main goal is to buy and hold long-term. I'd like to build up a portfolio of 50 doors/units in 5 years, and am less focused on cash flow and more on long term appreciation. 

Interested in connecting with folks who have had the experience of purchasing properties utilizing capital from a HELOC, then refinanced the houses/or multi-units to purchase additional properties, and then continued this cycle to build a portfolio. Any tips, tricks, or advise would be greatly appreciated! We got an incredible deal on a house during COVID that has since appraised for double its value. As a result we have been able to access a fixed HELOC from a local bank for $200K. We have been aggressively looking for multi-unit properties and duplexes, but have considered investing in retiree friendly single family as well. Would love to learn about similar experiences and any advice on the process of building a portfolio of rentals in this way. Thank you!