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Updated about 10 years ago on . Most recent reply

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117
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Eric Taylor
  • Investor
  • Mission, TX
40
Votes |
117
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Leverage

Eric Taylor
  • Investor
  • Mission, TX
Posted

Mechanistically, how does one leverage existing rental properties in order to secure more money for down payments in a buy and hold strategy?

Most Popular Reply

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59
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11
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Kyle Karges
  • Investor
  • Gilbert, AZ
11
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59
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Kyle Karges
  • Investor
  • Gilbert, AZ
Replied

@Eric Taylor My favorite way is to refinance the property and pull out equity.  Granted this more easily works in an upward market and you need to control your monthly cash flow.  Always compare how much of a return does the money make now vs in other options.  My last piece of advise is to always have a minimum cash flow on a property you are not willing to go less then.  You need wiggle room for changes in market rent.

  • Kyle Karges
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