Updated almost 11 years ago on . Most recent reply
Leverage
I am looking for some opinions. I have 9 SFH properties, each paid for. I have found another rental house that I would like to purchase and have an unused equity line on one of the other rental properties that will cover the purchase of the new. The new purchase should have a positive monthly cash flow of $300.00 +/-. What's your thoughts?
Most Popular Reply
Depending on the cash flow, you could leverage all of the properties, so long as you have adequate cash reserves. Why not sit on the cash and use leverage to acquire additional properties?