BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 10 months ago,
Need help moving beyond my first property
Hope all is well. I own one rental property and am looking to purchase another. I refinanced the property around five years ago to help with the down payment for my primary residence. The current condo I own is non-warrantable which eliminates utilizing traditional loans. What would be the best approach to purchase another rental property? Do I refi my condo again?
Take a line of credit on my primary home and buy a property outright? Thank you for your time, efforts and advice.