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Updated over 2 years ago,

User Stats

5
Posts
1
Votes
Mark Ross
1
Votes |
5
Posts

First Rental Property Purchase

Mark Ross
Posted

I purchased my first rental property this year (condo) due to market conditions I had to close quickly with an all cash offer. I fixed the property up for long term rentals which has been rented out. Would It be better to leave the deal with no mortgage or should I go take a mortgage out of the property now to pull some cash out to get a second property? What type of loan should I look to get on the rental property if getting a mortgage would be the smarter way to go?

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