Atlanta, GA · Member since 2017 · 19 posts · 3 votes
Can you use unpaid (with the current mortgage) rental property or portfolio of the rental properties as collateral for a new loan used to purchase another investment property?
What are other types of collateral investors normally use?
Rental Property Investor · Dayton, OH · Member since 2016 · 210 posts · 160 votes
8y
I would say yes you can. I am by no means an expert but when I went to purchase my 2nd and 3rd property the other mortgages were seen and reviewed. When it was noted that the rent on the new property would cover the new mortgage payment, I received my pre approval.