Updated about 9 years ago on . Most recent reply
Loan on Cash paid Property
We purchased our foreclosed property cash and fixed it up and have it rented out. Our goal is to own 5 rental properties. So 4 more to go.
We do not the resources to purchase another all cash property. So we are looking at the best way to move forward. Either get a mortgage or loan and use it for the next 2 more properties.
What kind of loans are available to us if we need to use the current rental property to secure the loan?
Thank you