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Updated almost 14 years ago on . Most recent reply

User Stats

15
Posts
1
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Tom Wallace
  • Investor
  • East Syracuse, NY
1
Votes |
15
Posts

Need to finance additional properties...

Tom Wallace
  • Investor
  • East Syracuse, NY
Posted

Hey all...I am a business owner (unrelated to real estate) and I currently own 3 single family properties which I have purchased, completely rehabbed and rented out(to great tenants). I own these 3 properties outright. I have refinanced my principal residence to finance these 3 properties. My goal is to continue to purchase properties and rent them out so that I can do be a full time landlord. What is the best way to continue to finance additional properties? Are single family properties the way to go. I hope to accumulate 7-10 properties and continue to rent them out. At some point when interest rates go through the roof, and I am ready to retire, I foresee selling the properties and maybe holding mortgages on them...Does this sound reasonable?

Thanks

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