Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

38
Posts
29
Votes
Moaaz Malik
  • Bay Area
29
Votes |
38
Posts

Getting a second mortgage

Moaaz Malik
  • Bay Area
Posted

I'm looking to get into purchasing some rental properties, but I keep coming back to how will I get the funds to get my second property? I currently have ~$100K  to put towards my properties. Let's say I use that cash for my first property in California that has a mortgage of ~$500K. I'm thinking California because I live in the Bay Area and would like to be nearby for my first property.

 Is it then hard to get a second mortgage?  I imagine it would also take a while for the cashflow to be enough to get a downpayment for the second house? I would love to hear everyones opinion on what's the best way to continue to grow my rental properties.

Thanks! 

Loading replies...