I am looking for advice from people who have done this in the past.

I’m new to all of this and looking at 401k loans and HELOC as options.

Not a dumb question at all, but getting a $100K loan with no track record is difficult.

From there you can start to identify what you are looking for.Where do you land on the follow spectrums:Cash flow and AppreciationLong term or Short term needs (waiting for growth vs get out of my W2 now)Long term rentals, Mid term rentals, Short term rentalsBuying close to home or coast to coastSelf manage or hire a PMIf you can narrow in on those, you essentially have your buy box. 

Both properties are in Upstate New York, both duplexes that are fully rented at good prices.

We completely gutted and finished the basement including adding a kitchenette and 3/4 bath, moved out and are now renting both apartments.

Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.

@Mike Burkett I’m looking for multifamily.

Let’s take a look at some hard truths that many people overlook.### 1.

Cost of capital is high right now.