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Updated about 10 years ago on . Most recent reply

Zaheer Jabbar's profile image
Zaheer Jabbar's profile image
Zaheer Jabbar
  • Real Estate Investor
  • from South Richmond Hill, New York
  • Member since May 4, 2014
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Zaheer Jabbar's profile image
Zaheer Jabbar's profile image
Zaheer Jabbar
  • Real Estate Investor
  • from South Richmond Hill, New York
  • Member since May 4, 2014
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Zaheer Jabbar
  • Real Estate Investor
  • South Richmond Hill, NY
5
Votes |
44
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Buying & Selling Real Estate

What's the smartest way to finance my 3rd investment property

Zaheer Jabbar
  • Real Estate Investor
  • South Richmond Hill, NY
Posted

I have two investment properties bring in a total of 1400 per month. Both of these properties are mortgage free. I would like to buy a third property. Should I buy it with the equity of the second investment or take out a mortgage? Remember,  I am a newbie. .

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Michael Clemson's profile image
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Michael Clemson
  • from Minneapolis, Minnesota
  • Member since Jan 31, 2015
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Michael Clemson's profile image
Michael Clemson's profile image
Michael Clemson
  • from Minneapolis, Minnesota
  • Member since Jan 31, 2015
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Michael Clemson
  • Minneapolis, MN
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Michael Clemson
  • Minneapolis, MN
Replied

What's the market price of the two properties? Would you cash flow still if you refinanced 75% of that value?

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