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Updated over 6 years ago,

User Stats

8
Posts
2
Votes
Jeffery Leon
  • Rental Property Investor
  • Ann Arbor, MI
2
Votes |
8
Posts

Refinance vs. Mortgage

Jeffery Leon
  • Rental Property Investor
  • Ann Arbor, MI
Posted

Dear Investors,

My goal is to have the maximum (10/ person?) personal loans to purchase rental properties.

I have a decent full-time job at the moment and also my primary residence paid off.

Should I refinance the primary residence and use the BURRR strategy or get a mortgage for the investment property, HELOC or both? Can you take out multiple loans after the first property? My biggest question is how to "rinse and repeat".

If you were to get a personal loan or reverse mortgage, how would you be able to protect your asset and put in inside an LLC?

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