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Updated over 5 years ago on . Most recent reply presented by

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Yair Sykes
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Yair Sykes
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Tax, SDIRAs & Cost Segregation

Buying a second property when still having a Morgan on the first?

Yair Sykes
Posted

Hey there!

I have about 25k that I would want to invest, I'm thinking of buying in Baltimore MD a 3r+1-3br for between 75k-140k and earn between 700-1,000$ a month after taxes and mortgage etc.

My question is, would I need to finish my mortgage and refinance to buy a second property or can I have a new down payment and still have mortgage to pay on the first property?

Thanks Yair

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Yair Sykes's profile image
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Yair Sykes
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Yair Sykes
Replied
Originally posted by @Mark Cruse:

You dont want much huh. LOL 

Do you have a better suggestion for me?

love to hear and get advice

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