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Ryan Cannedy
  • Daytona Beach, FL
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Expanding past two properties (Buy & Hold)

Ryan Cannedy
  • Daytona Beach, FL
Posted

I'm curious about how to expand past two properties doing a buy and hold strategy. If I have my primary residence and I pull the equity out of that with a HELOC or something of the sort, then I turn around and buy another property for say about $50k and get a conventional loan with 20% down (so 10k down). How do I move on to the second property if, for instance, I've exhausted all I can take out on a HELOC and I don't have another $10k to put down for another conventional loan? What is the best course of action here? is it just to save up for that $10k or is there a quicker strategy to use for buy and hold (i.e. flipping or wholesaling).

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