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Updated over 9 years ago on . Most recent reply

User Stats

593
Posts
382
Votes
Kristopher Hanks
  • Rental Property Investor
  • Davenport, FL
382
Votes |
593
Posts

Leveraging your first property to buy the second

Kristopher Hanks
  • Rental Property Investor
  • Davenport, FL
Posted

I was wondering if it is possible to use your first property (buy and hold strategy) to get into your second property?

For example if I owned my first property out right is it possible to use that property as collateral to secure a loan and low interest rate when buying the second rental property? 

The reason for this question is, I will be buying rentals using a company as the owner of the properties and I want to start building the business' credit history to make it easier to secure future deals. 

Thank you in advance for your time.

  • Kristopher Hanks
  • Most Popular Reply

    User Stats

    70
    Posts
    13
    Votes
    Anthony Geren
    • Spring, TX
    13
    Votes |
    70
    Posts
    Anthony Geren
    • Spring, TX
    Replied

    could look into a heloc from the first house as a downpayment for the second

    Loading replies...