First Property Paid in Full and Rented Out....What Do I Do Next?

[Matt Lorenzo]

Hi all,

I bought my first condominium in another state 3 years ago thinking I would live in it several months out of the year. Unfortunately, this never panned out. The condo is paid in full and has been partially renovated, and I am putting a renter in there within the next month which will generate cash flow. I am now wondering how I maximize my chances of buying another property (properties) using this scenario. Should I get a HELOC? What are my options? Any help is appreciated. Thanks!