I'm thinking I'll go for a refinance about twelve months (or more depending) after the purchase and then use some of my own savings to put 20% down on my next one (another good suggestion that'll get me closer to another property sooner).Also, I didn't know about using OPM, thank you for bringing it up! 

@Jorge Ruiz - Sure, purchase price $139K, appraised at $179K, sorry, I meant 70% so $125.3K loan at 5.1%I wish I could have waited the 6 months to get more out but needed the cash out sooner.

Pardon me if this sounds like a beginner's question. I have an investment property with 2 tenants paying off the monthly mortgage (30 year fix @ 4.25%) leaving me with a little less than a 1k a month. I’m debating whe...

Had it on a Saturday in the school gym. 

(making a sooner-than-expected killing)...

@Andrew LeightonIf it's a cash deal and you are buying as-is with no inspection contingency than the sooner the better.

The 30 year option yields me about the $100/mo net, but I prefer a 15 year mortgage to pay off sooner.

With cash coming from our day jobs, we'd hope to pay even sooner than 15 if all goes well; but then again, by that time, we might want to add more properties.Heck, we can't even seem to be able to find the first one, for now. 

We could've finished it sooner, but took days off throughout.We have done lighter versions of a full gut that took us under 30 days. 

Work towards having cash flow left over (ie profit) that can be funneled into income producing assets.If you want true financial freedom sooner than old age you'll need to work harder than just 9-5.