Buying & Selling Real Estate Discussion

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Tim Marshall
  • Rental Property Investor
  • Mystic, CT
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11
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Getting started options

Tim Marshall
  • Rental Property Investor
  • Mystic, CT
Posted Sep 11 2019, 07:39

I am hoping to get our second rental property in the spring and am looking at options for financing in CT. I only have about 10,000 liquid but 100,000 in equity in my primary residence and 70,000 equity in our rental property. I am not sure if that equity is best used as a refi or heloc in buying our next rental or should I forgo both for traditional financing and hope to save the 25 percent or so first? What are everyones' thoughts here?

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