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

[Tyler Warner]

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!

[Jon Kelly]

@Tyler Warner the only thing that matters is if you find a good deal. Define what good means to you (e.g. monthly cash flow, COC return, etc.). If you find a good deal don't you think you should use whatever means necessary to buy this deal?

Imagine finding this amazing deal that can help change the course of your life, your wife’s life, your future kids lives and you don’t buy it because you think you need to wait 2 years to save 20-25% for a down payment. Sounds kinda crazy