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Updated about 8 years ago on . Most recent reply

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Dennis Smalley
  • Gibsonia, PA
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Financing for second investment property

Dennis Smalley
  • Gibsonia, PA
Posted

So, I used a line of credit to buy my first rental property which is a duplex.  I'd like to just stick with this one property for at least 6 months but want to buy another one once I feel more comfortable with the whole management aspect of investing.  Therefore, my question is what is the best way to finance a second property?  Can you roll over the debt from the line of credit into another type of loan?  What is a good financial institute to work with for this kind of transaction?

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