Quickest way to rip into the next deal
I just bought my first rental property in January. I already had a really stable renter set up before I even started looking for a property. I really want to try and buy two more rentals in the next year but I'm having some questions on the best way to get there. I have some capital put up but not enough for a down payment yet. However, I do have 75K in equity in the house I live in and it's also ripe to rent out and make $550 a month above mortgage, taxes, insurance, etc.
I feel like it's more than sensible to take a HELOC or equity loan and get rolling on the next one. Anyone have any feedback or things I should be considering in making that move? Things I should make sure I don't overlook?