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Updated over 5 years ago, 06/29/2019
First property advice. Equity in home as source
Hello,
My wife and I are 31 and just had our first child. Would like to secure our future with some investment properties.
I have zero debt
25,000 in cash
I bought our home and owe 297,000 and it is worth 415,000
my credit score is 750+
We bought in a gentrifying area of Philadelphia and hit a home run by being early. Want to turn this into a grand slam. Would like to purchase a rental single family home for about 150K.
What is my best way to secure financing? Thank you.