Financing Second Rental Property

[Richard Donofrio]

Here is my current situation, I bought my first rental property using an equity loan from my primary residence. I am looking to move forward and expand my buisness. I have listed below the numbers to get an idea of what I am working with. Any financial advice on how to go about getting my down payment for my second rental property using my available equity is appreciated. I can pay the 23k loan off but looking to keep my cash. Thanks!

- Rental property appraisal value - 116,000 owing 90,000 with 26,000 equity

- Primary residence appraisal value- 347,000 owing 280,000 with a 23,000 equity loan

Rich-