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Updated over 13 years ago,
Need to finance additional properties...
Hey all...I am a business owner (unrelated to real estate) and I currently own 3 single family properties which I have purchased, completely rehabbed and rented out(to great tenants). I own these 3 properties outright. I have refinanced my principal residence to finance these 3 properties. My goal is to continue to purchase properties and rent them out so that I can do be a full time landlord. What is the best way to continue to finance additional properties? Are single family properties the way to go. I hope to accumulate 7-10 properties and continue to rent them out. At some point when interest rates go through the roof, and I am ready to retire, I foresee selling the properties and maybe holding mortgages on them...Does this sound reasonable?
Thanks