If you want to buy more properties in the near future, use the $50K you have right now rather than taking out a HELOC on the property (which will be at a higher rate than 2.9%).

There is a lot to consider before you buy your first property.  

Hi to everyone,I would like to ask that ,my banks in my country (Greece) are unable to provide refinance options for the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), what alternative realistic strategies can I consider for implementing this investment approach?

I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.

If you take that cash and try to buy units in the area, ask yourself what are they selling for?

It's called the BRRRR strategy (buy, rehab, rent, refinance, repeat).

Determine what type of property you want to buy - What Zip code, what condition homes, price range, etc.Contact 3-4 realtors that helped buyer agent buy the type of homes you are looking to buy.Then go with the 1 realtor that you connected with the most.

Consider what liquidity options you’ll have when you’re ready to buy...

@Shiloh LundahlHi Shiloh,I am not buying a property. 

Demand’s steady, driven by Johns Hopkins, young professionals, and some urban renewal buzz.Single-Family Rentals: SFHs are solid too—$200k-$350k buys you a 3BD rowhouse in up-and-coming spots like Patterson Park, renting for $1,200-$1,600/month.