New to Real Estate...Funding for rentals
Hello REAL estate pros...I need help! I have positive renters by the end of July 2024 but I do not have funds for the down payment to purchase at least two rental houses. We currently have 2 rentals (previously primary homes). I recently refinanced the 1st rental (60% LTV) March 2024 and used 50K for down payment new primary. Took HELOC in Oct 2023 for the (2nd rental) to pay off all debts.
We will have a renter of the 2 rooms of new primary house in June 2024.
Please let me know how can I access down payment funds for new investment properties in July.