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Updated over 11 years ago on . Most recent reply
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Pre-2nd income property investment (multi-family)
Hi there,
After a couple of months I've managed to get my 4-plex fully rented. Super excited about this! Is there any general time-frame I should look at in regards to investing in a second one? Of course, from the bank's perspective any re-fi options would be after a year from purchase and I'm definitely playing the long game strategy of buy and hold, but I want to be prepared for the time when I can purchase another multi-family residence. Does anybody follow a strict guideline that seems to work for them/keep momentum flowing? Every year? 2 years, etc.? Thanks!