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All Forum Posts by: Candace Ferrell

Candace Ferrell has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: New to investing in Rental Properties Baltimore City

Candace FerrellPosted
  • Posts 1
  • Votes 1

Looking for some advice or guidance. I currently own a property that I rent rooms With a cash flow of $1200 after expenses and capital expenditures each month. I want to buy a rental property in Baltimore City using the refinance money from the first property.  The current house I have, I own completely and has been appraised for $180,000. So my question is: After I refinance, do I buy another property with all cash or mortgage the new rental property?  Any other advice you can provide to a first timer would be much appreciated.

1 Vote