Depending on the market you invest in, you may have enough to go all cash on the first deal and refinance to put money in the second deal. 

I will be very careful with my first investment if I were you, unless you have a rich father or uncle who is willing to finance your mistake.

Hello everyone,I recently bought a second property in Michigan and I'm really excited to get it rented.

We have extended our search to the surrounding counties outside of Pinellas at this point but would appreciate the opportunity to run numbers by you for a second look.

And you could buy a second home a year later and still need less cash. 

We are both very hard workers and have a lot of ideas such as saving to buy investments in cash (takes a while), using private lending and keep the savings as an investment rainy day fund, and others, but it always helps to get a second opinion. 

I don’t know your exact situation, but in your shoes I might pursue the refinance option first and then equity buyout second.

Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities,  unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.

Most DSCR loans come with a prepayment penalty that is typically 5% for the first year, 4 points for the second, 3, 2, or 1 pts for each year.

The second best time to plant a tree is certainly today.