Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Can I buy real estate if I already have a mortgage?
Hello everyone, I had a simple question for all of you here.
I want to invest in real estate but I bought a house for myself and my family 2 years ago with a mortgage in the ballpark of $95,000. I've been making the payments just fine but I still owe well over $90,000. Is it even remotely possible for me to invest in flipping properties or a small duplex of some sort or will I need to pay off a significant amount on my own home first?
Thanks ahead of time!
Arco