Pulling money out of rentals to buy another duplex

Investor · Rahway, NJ · Member since 2015 · 14 posts · 0 votes

I have 4 properties grossing 10k month cash flow. I saw a duplex that's next to my own property but I don't have the cash for purchase & Reno.

I found a company who looks at rent roll

& lends based on it.

What dangers might I run into?

Thanks

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Sean Gallagher
TX · Member since 2014 · 151 posts · 23 votes
10y
10k mo cash flow, 4 properties, sorry I have to ask, what type of properties? Vacation rentals I'm assuming?
0 Reply
Andrew Garwood
OP
Investor · Rahway, NJ · Member since 2015 · 14 posts · 0 votes
10y
Hi
No they are not vacation
Rentals.
0 Reply
Matthew Cole
Investor · Allen Park, MI · Member since 2014 · 98 posts · 36 votes
10y
Could be 4 properties that are multi family so more than 4 doors.
0 Reply
Andrew Garwood
OP
Investor · Rahway, NJ · Member since 2015 · 14 posts · 0 votes
10y
Yes I have 8 units all together
0 Reply
Sean Gallagher
TX · Member since 2014 · 151 posts · 23 votes
10y
Oh ok understood
0 Reply
Ronald PerichPro Member
Investor · Granite City, IL · Member since 2014 · 658 posts · 301 votes
10y
You sure you make $10K/mo in cash flow or is that income? We really need more details to provide a meaningful answer.
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