… When can you buy more properties?
… Where do you get the money?
There are a few ways that you can find the money to buy your next property.
But first, you need to find out how much equity you have.
Equity = Property’s overall value – Debt remaining on the mortgage
So, if you have a $500,000 property with $300,000 left on the mortgage, your equity is $200,000.
Accessing the equity through your lender may be another matter, though.
They may value your property differently.