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Updated almost 3 years ago, 02/23/2022

User Stats

28
Posts
12
Votes
Tyler Warner
  • Rental Property Investor
  • Austin, TX
12
Votes |
28
Posts

Using leverage on my next property or saving for the down payment

Tyler Warner
  • Rental Property Investor
  • Austin, TX
Posted

Hello! Here is a little background on myself for context. I house hacked my primary residence for two years and then recently turned it into a rental when my (new) wife and I moved out of the city into another house. We obtained a second lien to purchase our property out of the city. I am preparing to make future moves in REI and wanted to know everyones thoughts on how to obtain another property. Would you save 20-30% down for the next property or use leverage for another lien down the road. Any insight would be appreciated. I just feel stuck in terms of planning for what may be next. Thanks everyone!

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