You really need to buy the right kind of property in the right place.I'm not sure what you mean by type of broker.

Assuming you bought a cash flowing rental, then that means you are leaving more in the HELOC (incoming rents) than you are taking out for that property, thereby paying off the HELOC faster, also increasing the amount credit available for you to use to buy more houses down the road.

The strategy to use is to go knock on the doors of some of the foreclosure properties to see if you can buy the property before its foreclosed on

If you had to buy your first investment property again, what would you do differently?

Long term I want to buy and hold. 

Just have the balance due 5 years out with zero % interest as part of the sale.Don't buy the "business". 

The reserve price wasn't met, but it's set very overpriced, and I don't think anyone would meet that price.The day after I won the auction, I received an email stating that the seller is offering all eligible bidders the chance to place another bid.

I’m putting together a deal to buy a multi-family rental property from my parents in Buffalo, NY.

Buy a property with seller financing at a low interest rate and long term and a substitution of collateral clause.

I am considering either buying 2 duplexes (25% down payments) or investing in a trusted syndication.