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Updated over 6 years ago, 06/16/2018

User Stats

42
Posts
7
Votes
Alecia S.
Pro Member
  • Mandeville, LA
7
Votes |
42
Posts

Investment finance cash or loan?

Alecia S.
Pro Member
  • Mandeville, LA
Posted

   I am new to real estate investing. I bought my first rental with all cash for 121000 and rehabbed it to be worth 160000. I currently rent it out for 1395 a month. 

   I am buying my second rental closing on Monday with a 25 percent down payment and a 30 year mortgage. 

   When I am ready to buy my next one I was wondering if I should borrow against the first property for a down payment. I am not well schooled in the financial world and was wondering if this would be a good option to increase net worth and decrease taxes.

Looking for advice. Thank you.

  • Alecia S.