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Updated almost 5 years ago,

User Stats

7
Posts
2
Votes
Arco Verhoeven
  • Effingham, IL
2
Votes |
7
Posts

Can I buy real estate if I already have a mortgage?

Arco Verhoeven
  • Effingham, IL
Posted

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

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