Looking for investment loan for second investment property
Hi
I already own an investment property. I'm looking to buy another property out of state in Round Rock TX area. It is a single family home rental, but I dont have a good rate. I have ~15% down payment. my concern is how am I going to get any cash flow from my second investment because the mortgage payment will be high. Does anyone have any alternative solutions including private lending? Thank you in advance.
P. S. The deal will be up to 350k (still negotiating) for about net expected 2-2.1k cash flow.