All Forum Posts by: Matthew Lenning

@Dan M thanks. You would suggest getting the new construction financed instead of paying cash with sold equities?

hello BP community

I own a lake front rental property in the red hot upstate NY market that I'm using for STR. I'm cash flowing between 8k-10k a month. The house sits on a double lot so there is potential for development. I have a healthy equities portfolio of 1.3 M that I would use to pay for the building of a second home on the adjacent property--estimated budget of 250-300k. Equities have done very well the last 10+ years so I feel pretty confident this deal is a better vehicle for growing a portion of that money. Is this a total no brainer or what?

Hey BP community

I’m looking for recommendations on where to begin this refi journey to a new rental purchase. Should i work with a mortgage broker or is there another avenue i should pursue?
Any suggestions would be greatly appreciated! 

Second question: with money this cheap should i just take as much equity out the first property and sit on it while i look for another purchase?