Updated over 6 years ago on . Most recent reply
Going from 1 property to 2
Have 1 rental property (duplex) that is going fine for several years, but not sure how to acquire additional properties.
It wil be years before I can get a down payment so would be 100% finance with PMI. Banks require 15-20 yr term, so dont see cash flow on anything for sale with high monthly bill.
How can I make this jump?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
How did you buy the first property? How much equity is in the first property? How much cash (your own money) do you have in the first property? What is the cash flow of the first property?