Want to buy 2nd property - Need help!

[Eric DeVito]

Hello all! Basically I purchased a SFH for $250,000 here in Staten Island, NY. I put $50,0h00 down and have been making all payments for the past year. I also have around $10,000 in savings. I live in this property, and I used a VA loan for it.

I would like to buy my 2nd property. Which will be a buy and hold. I was thinking of buying out of state because homes are way cheaper in other states. Do I have enough money to do this? Can I use any money from equity I have in my current home? Also what areas should I look into for investment?