Hello BP,I am buying a property for 20,000 and wondered what the pro's opinions are.Should I pay 20% down and get a 30 yr loan at 4% and obviously pay all the fees involved with this orI have another property worth 70,000 and have 50,000 in equity.

It's a 30 year loan at 3.25%.We now have about $175K in equity.

If your employing a sound strategy to acquiring LT buy-and-hold properties (i.e. good to strong CF, solid locations/markets, undervalued/build-in equity at current market prices, conservative LTV, etc.) are you really that concerned?  

If your cap rate on real estate is 6%, you'd need about $1mm in equity invested.

I own one rental with positive cashflow, 6 figures in equity.

We would potentially get $140K in equity if we sold at the current appraised amount.

Hi BP!New poster but longtime lurker/reader/researcher.  I live in Aurora, CO and currently manage two properties:A 2/1 condo in Golden, CO owned by my familyPurchased in 2006, I lived in one room during college while...

Who succeeded, not founded or created, based from a taxation issue and inequal representation, not "to be left alone". 

Then I may work on paying off the mortgages or look into an umbrella loan from a credit union, and continue to buy more rentals.I will say that the $820/month feels pretty good, the account I deposit it into each month has grown from $0 to about $9,000 in just 11months. not to mention the $25,000 in equity.

If we lease, we keep the full amount in equity and borrow against it.