I have enough to buy the second all cash (just sitting in a 1.6% ally bank account at the moment) but i'm wondering if I should leverage my money and try and get a conventional loan or possible some kind of HELOC on the value of the first rental.

The main item is sure up your refinance monies with a bank based on loan amounts, your qualifications & etc.Depending on the amount of rehab depends on your power team above.Everyone gets checked out.Would suggest attending some reliable investment groups with good educational subjects not ones selling there packages.Diversified Investors Group and HAPCO are the most reliable in Philadelphia to attend.Let me know if you have any questions.RegardsJoe

You as a landlord have considerable leverage in the transaction.

Have been reading that a solo IRA would be a better vehicle for purchasing property as the property can be leveraged with a non recourse loan and not have to pay tax on the gains associated with the loan portion at the “trust” tax rates.

Eventually you will grow out of that and start leveraging your finances using equity you have in your portfolio and using banks and private lenders

Hello All, new member who's been reading and self-educating through BP for several weeks and I believe BP could be my ticket out of the rat race !

I'm looking to combine attending a diverse educational event with a vacation somewhere in the US. 

I, being me, would however play along and see what kind of convoluted crap he comes up with.....just for fun and education.

Maximize long-term "good" debt on education and real estate.2.

It's great having cash flow (7.3K gross) coming in every month but I'm sure that I'm not fully leveraging bank monies to make even more cash flow.