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Updated over 11 years ago on . Most recent reply

User Stats

20
Posts
1
Votes
Blair Murphy
  • Shingle Springs, CA
1
Votes |
20
Posts

Pre-2nd income property investment (multi-family)

Blair Murphy
  • Shingle Springs, CA
Posted

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!

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