Updated over 10 years ago on . Most recent reply
You've acquired your 1st prop, then what??
I've been doing a ton of research in getting rental property. I believe it's the route I will take. Can you all answer a question though: say I have my 1st property (SFR purchased through a HELOC) and I'm profiting $200-$300/month. Then what? Do I start paying off the HELOC? Do I look for the next property? What are my options? Then when you have a few properties what are the best strategies to pay those homes off in the case of financing? Debt Snowball?