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Updated over 9 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Jeremy Adkins
  • Westerville, OH
1
Votes |
5
Posts

Once you've secured your first property..

Jeremy Adkins
  • Westerville, OH
Posted

so let's say you acquire your first rental property (I'm aiming for a multi family as soon as I can get my credit up) 

You're collecting the mortgage (hopefully) from your tenant and its helping you live in your new home for free.

This concept I understand fluently..what I don't understand is how you go about getting another property if you haven't paid off the first? when do you sell? do you even sell? 

I'm basically wondering how you could afford to basically finance another property (and so on and so on) with having a note on the first

Thanks in advance for the enlightening views!

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