If the property was acquired for a good price and you can sell it to someone who will do the reno, it's a win-win.

I purchased my first house about 2 years ago and acquired roommates within the first 4 months.

I remember when I was in a similar spot, debating whether to leverage my first rental to acquire another property.

Cash flow will be around 1200.00 before maintenance set-asides.Items of concern are getting to an ARV for appeal due to minor repairs, clean-up, and available cash required to acquire a new place to live.  1.

They wanted money, I wanted their product.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

It reduces risk by lowering your leverage, and once one property is paid off, that cash flow can then help pay down others even quicker.A balanced approach might be to focus on acquiring a couple of properties initially while keeping some reserves, and then reassess based on how things are going.

What held me back were the details behind understanding the financing - both short term to acquire and long term to hold.

This can lead to a more productive conversation and help you refine your proposal

Apparently you can do it with a "Crédito Multifunções" but there are some restrictions implemented by the Bank of Portugal: If the property was acquired less than 2y ago: This type of loan is limited to 80%-Loan To Cost (from what I understood rehab costs are not included).If the property was acquired more than 2y ago: This type of loan can be used until a max of 80%-Loan to value not limited to the acquisition cost.Let me know if you had different feedback.