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I often think about what is the best avenue to take in my current situation. looking for some good logic explained.. I have a rental property that I purchased about two years ago. I paid around 300 thousand for it and now I am fairly competent that I could sell it for 500 thousand. I am making about 5800/month gross and operating costs are about $1000.00 plus mortgage. now I could sell and potentially buy two more properties with the profit, or I could continue making money on this one knowing its running well and I might not be able to find a better investment property. being younger I want to build on my investment but I know trying to build to fast is not always the best/fastest way... still in doubt of what to do..
 

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that is a good idea though could I refinance if I have only have 50 thousand into the mortgage?
I believe that the lender would look into the "equity" on the property, and not what you have put into it. So for example, you think that your property is worth $500k and if it is, a lender could lend you up to 80% of the equity.
So if you purchased for $300k and have $50k of your own money into the property, your equity would be $500 x 80% - $250k = $150k. The $150k in equity could be borrowed in the form of a HELOC to invest in more properties.

Note that I'm not recommending this strategy, just pointing out some options.
 
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