One down more to go

[David Hoffman]

I recently got married this summer and my wife and I decided to keep her townhouse locatedin DE. We currently net $250.00 off the property a month. We have about 14 k of equity in the home. Our current home we live has about 400k in equity and could get a line of credit to make another purchase. A little nervous about taking next step and with so many questions such as where to buy, what to buy, any ideas or suggestions are appreciated. Also at what point would a bank work with an investor meaning how many properties does one need until you could use "other people's money" to invest instead of your own? Things have changed so much since the housing collapse.

[Rich Weese]

David – welcome to bigger pockets. If you haven't already done so, I would suggest that you peruse some of the threads on bigger pockets and I think you'll find a lot of answers to your questions. Your picture makes you look like you are quite successful, and with the equity you have, I would think a bank would love to get their hands on you! Good luck. Rich