Own one property, NOW WHAT?

[Zack Polino]

Hello

I own a 2 unit double in Kenmore, NY(Buffalo). I purchased the house in 2002 and rent both units. After paying my mortgage I bank an additional $200. My question is this. I'm 30 years old now and would like to purchase another double in the same area. At this time, would it be smart for me to try and get anything I can out of this property in terms of equity, and put it towards that next property?

Any financing ideas or comments are appreciated.