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Updated about 10 years ago on . Most recent reply
Buying second house to rent
how to buy second house to rent it out,have 100 procent equity in first house,please advise
Most Popular Reply

So you are saying your primary residence is completely paid off?
Well, you can either pay all cash for your 2nd home, you can do 20% down bank financing if you qualify for financing. If you qualify but dont have the funds to put the 20% down you can put a line of credit against your primary that is paid off and use those funds for the down payment.
Good luck
- Curt Davis