Updated almost 2 years ago on . Most recent reply
Starting out and looking for some input
Hello BP members!
I am starting my journey of getting into long term rentals. I am focused on the Houston market currently and looking to buy 5 properties over the next 5 years or less. I currently have a home that was my primary but I am currently renting it out and getting some cash flow out of it. I am trying to figure out the best way to leverage this property to help me buy my next property. With the current rates, cash out refi would not be a great option as my current interest rate is low, much lower than current rates. Home equity line of credits seem kind of risky in the current environment of high interest rates. How have others in this community leveraged a property to get started on their journey. Thank you in advance for your time.