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Updated almost 8 years ago,
Goal: 2nd rental property. Scratching my head for a strategy.
We took out equity from our residential house for a 20% down payment for our 1st rental property. We've been renting it out for a year now. Looks like the house has appreciate 25K more than when I bought it. What can I do to buy a third rental property? Can I take equity out from the rental property?...I'm hearing a no in my head but any advices?