Updated almost 9 years ago on . Most recent reply
Best strategy for scenario
Hello. New to Bigger Pockets and RE investing. I would like ask for some earnest advice regarding my current position and possibly the best strategy for next investment effort.
Recently purchased a primary residence using hard money. Loan is for 285K but home was appraised for 395K. Also have a condo (originally purchased for 135k) free and clear just recently rented out this month. What would be the best strategy and financing options for investing in a second investment property give this situation...whether BRRRR or Flip. Married but properties and loan only in my name. Location is Guam.
Looking forward to hearing any ideas about future steps and timeframes.
Most Popular Reply
Yes, Condo as collateral (rather than your home, which may have enough leverage, for now).
Yeah, I'm surprised we're not in the same time zone, you being virtually directly north. Cheers...