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Updated about 1 year ago on . Most recent reply
![Garrett H.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1710696/1695618909-avatar-huffgarr.jpg?twic=v1/output=image/crop=200x200@0x0/cover=128x128&v=2)
Cash Purchase Rental Property by Mortgaging Another Property
I'm exploring options to generate enough funds to purchase a $450k investment property but don't have the liquid cash. I have another rental property free and clear and considered securing the funds by taking a mortgage out on it. I'm not certain of my debt to income ratio at the moment, but if I try to mortgage out a property to purchase another, does the rental income I anticipate getting from the new purchase factor into the debt to income calculation? Or am I looking at this all wrong and would be better to just to find a hard money lender to finance this?
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You'll be able to access no income no doc investment property mortgages based on the rental income of the property . They're called DSCR loans . Can go to 80% of its value in some cases . Would do the DSCR cashout refinance from your existing property for the downpayment and do a DSCR purchase for the next property or the cashout may even be enough to buy it in cash . How much is the free and clear property worth ?
- Jacob Sherman
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