My trouble will not be in pulling the trigger, I have no issues with taking risks.

Blows my mind what people are able to pull off.

I don't know for sure, but it sounds like an assessor's notation for a mid-level 4-plex, but if you'll PM me the address, I'll pull the field card or public record to see if I can verify it.

@Don NelsonYes, many banks will cap you at 4 properties so it's a good idea to pull the HELOC on one of the first few if you plan on using it multiple times to acquire new property. 

At the current moment, I do not have enough equity in my house to where I would be able to pull out the minimum $25,000 required by the current bank my loan is under.

I have done a lot of business in the area but never pulled the trigger on one for my own.This property is going to require more work than the first. 

My ultimate goal is to pull out the equity from this house and go for house #2.+ Get a HELOC on my primary residence and use the cash the finish the rental and rent it - just 10K?

I could pull out 85k minimum off of it and offer cash.

Get a few deals, get your feet wet, while still gaining knowledge on LLC, S-Corp, etc, then pull the trigger.

Hey guys so I have a single family home right now that I’m slowly fixing up as I love in it with the goal in mind to pull the equity out to purchase a multi unit building.