Own one rental outright. How to get the next one.

[John W.]

I own one rental property outright, but the cash flow is spoken for with kids preschool cost. What is the best way to get my next property, assuming I can finance it? 

[Jerry Padilla]

@John W.

You can cash out refinance on the property and use that cash as down payments on future property purchases. 

On an investment property; A SFR if you have #1-10 mortgaged properties, you can pull out up to 75% of the equity and on 2-4 units is up to 70% equity.