Leveraging first property to buy a second

[Julie Norris]

I bought a townhouse in Boulder, CO in 2016. It does not generate cash flow. I was a complete newbie and bought it on gut instinct. I want to buy a second property and am wondering how to leverage it to make a down payment for a second. I have 20% equity in the property. I am not planning on selling it because the value has increased about 15% since I purchased it and I think the market will sustain that level of increase in that part of the country but sometimes I wonder if I should sell it and use the cash to buy two different properties.