Growing Portfolio???

[Carlos Alvarado]

Hello Bp Family,

 I own a rental property free and clear. My question is should i do a cash out on this free and clear property to purchase another property and do the same thing over and over with cash out's. Or should i just wait and save the 20% to buy investment properties everytime to grow my portfolio. Which is the smartest and best way to grow my portfolio and buy properties?Thanks in advance.

[Account Closed]

@Carlos Alvarado 

I'm in the belief that cashing out your house and applying that cash toward - for example - 20% down on 10 more houses that are rented with positive cashflow is by far a smarter financial move than continuing to hold one property and gain income.  In the end, it's faster than waiting to save 20%.  This is all assuming all 10 houses turn out well.