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General Landlording & Rental Properties

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Sarah Grise
  • Investor/Landlord/Real Estate Agent
  • Pittsburgh, PA
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34
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How to Get Another?

Sarah Grise
  • Investor/Landlord/Real Estate Agent
  • Pittsburgh, PA
Posted Mar 1 2015, 10:31

Hi all! 

So....my husband and I own two rental properties, both of which we were able to purchase with a home equity line. We've owned one for 15 months and the other one for 4 months. Both of which have (very good) tenants. 

We really, REALLY want to buy a third property ASAP but are at a dead end financially. We are paying down the line, with payments higher than what is required monthly, but the only way to obtain the third property that we see is to wait it out til we pay off more of our line (meaning it may be another 2-3 yrs before we can get another property).

Any suggestions out there? Many thanks!

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