Investing strategies

[Brant Ingalls]

Hello BP,

I am a few months away from being in a position to focus more on real estate investing, and I would appreciate some advice on strategies from people with more experience.  I currently have 3 rental properties.  I am preparing one property to sell this summer.  Previously I have purchased my properties with traditional financing 20% down.  

I am strongly considering a strategy change.  Once I sell my property I should have about $80,000.  I would like to use some wholesaling techniques to acquire a distressed property with cash. Then I would fix it up and take a home equity loan against it for the amount I have invested.  I would then rent it and try to do it all over again.  

Is there anybody out there doing this that could offer any advice?  

Thanks,

Brant Ingalls