Updated about 7 years ago on . Most recent reply
Exploring options for 2nd rental
Hey BP, I purchased a 2 family rental in February of this year. I inherited a tenant from one unit and renovated and recently rented out the second unit. I'm starting to think about how I'll purchase my next rental and would like to see what options are out there. My mortgage is 132k on the current rental and it is worth approximately 240-250k. Since banks will only do 70% LTV on multi family non-owner occupy refinances is hard money my best bet? Thank you in advance and btw I'm in the NJ area