Confused about securing funding
Here's my question: If I am investing in a rental property with good numbers (based on math from reading posts about being a landlord using the 50% rule, ect), what is the difference between securing a good property worth $1 Million versus $100,000?
If the cash flow is good and the loan is secured based on property value, would I have trouble getting a million dollar loan over a $100,000 one?
My financial background is not good right now (no assets currently) but not bad either. I just recently learned the importance of a balance sheet so I've worked it out for myself. I have some liabilities that will be paid off in the next month or two and at that point I will have no debt or assets either.
My cash flow is based off of my job that wouldn’t support a million dollar property but I’m securing it with property value and current renters. I’m confused if I would run into funding issues. I want to build assets and passive income and personally, if the numbers are good the overall value doesn’t influence me.
Thank you for your time and help.