Financing my second rental
Hello everyone! Have a question and ill keep it as short and simple as possible. I have just purchased my first rental property (quad) 100% with money from my HELOC (primary home which is paid off). So my now owned quad has no mortgage/lien. Without getting into the numbers, (property is cash flowing very well) what is the best way to get my financing set up for my next investment? Another LOC? Cash out refi? NOTE: I am self employed and have been for years. Don't show all that much income on tax returns. In a perfect world I would keep getting HELOC's and purchasing houses with each new HELOC but I don't think that is a reality. Anyone from experience been in my shoes? Cash out refi probably will work for number 2 but after that my debt to income will look shot and I will most likely have trouble scaling from there. Any words of wisdom are much appreciated. Thanks!