Financing/strategy for first time investors

[Michael B.]

Hi Guys, my wife and I are starting out our real estate investing journey. Focusing on the Philadelphia/South Jersey area. We have equity in our primary home. We have an approved Heloc of $170k. Our inital plan was to buy a rental property outright, then refinace the property and payoff the Heloc and continue this strategy. $170K isnt much to buy a property outright, so are we best to use the Heloc as our downpayments on a couple of different properties and get conventional mortgages on them instead?

I've had read people getting 10 or more rental units within a couple of years and was interested on how they do this and what their starting point was? Appreciate any advice, thanks

[Phommala Songkhors]

deff use that money to put down on a couple cash flowing properties !