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Updated almost 4 years ago on . Most recent reply

Getting a second mortgage
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!