How do I use my $200k of equity to BRRR a new property

[Morgan Jefferson]

Hi! I'm a novice. My home in Atlanta has $200k in equity but I can't access it given my current credit score (for HELOC, etc). I currently rent my house out and profit $800 per month. I can replicate this in the area and found a house near an upcoming development that has a good price, but I have no idea how to approach creative financing. Can anyone give advice or provide mentorship?

[Caleb Brown]

Besides HELOC you can try doing a cash out refi. If your credit is bad that might make it difficult. DSCR might be a option. Another option is selling to reinvest to buy 1-2 more properties. Make sure you clean your credit up. Real Estate is dependent on debt unless you have high income for paying cash every time.