In 2020 I used the HELOC on my house in New York City to buy a house in Buffalo New York for all cash.

That means your entire principal keeps on growing.

Hi Bobby, can you expand on your question a little bit, what do you mean by where to start?

Are you planning on using that cash you pull out for the full purchase or are you considering that a downpayment? 

However, our current hard money lender only funds one loan at a time, limiting our ability to take on multiple deals simultaneously.

Looking to hear your insights on what makes a lender great (or not-so-great)!

When it comes to multis, you'll also be able to add in your tenants rents as qualifying income on the property which helps tremendously.

@Michelle Dong hopefully you haven't gone and spent thousands on a "guru" program for S8!

Hi Dima, glad to have you on the forum! 

Both of our properties have about 100k in equity in them so we were thinking about using getting a HELOC on the duplex rental property and use that money for the down payment on the next property.