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Best way to finance rental property
I am nearing competion of a renatal property. I would like to purchase another . The first property is owned clean and clear. What would be the best route one should take to aquire funds to purchase his next property?. I really dont want to take out a mortage. Should I just take a equity loan on this existing property?? A personal loan borrowed against the owned property maybe? Any advice would be appreciated. The next property will be of a fairly low value, and If possible, I would like to hustle on the loan, and Pay it off in about 5 years.
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No left turn un stoned
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