About to pay off duplex - next steps?

[Mike DeLong]

Later this year I will pay off my first investment property - a duplex that brings in ~$1,100 p/mo and has a market value of ~$120K. The property is located in a solid area of Charlotte, NC. Knowing I want to pull the trigger on my next investment after it is paid off I'm looking for feedback on what that investment could be and how I can leverage a paid off property towards it (without selling it). Any thoughts? My background is in residential but have been learning about the commercial side as well. Thanks all.

[Patrick Liska]

That is kinda low, i would try a smaller local bank, do not go with the larger institutions. i've heard that Wells Fargo is not one that is to investor friendly. you should be able to get at least 70 - 75% LTV.