Buying Property and equity.

[Troy R.]

I have a question.

While searching for houses to invest in, i found quite a bit. They all totaled to $1million. But I only have $500k.

Is it a good idea to instead of getting a mortgage for $1million, should i buy all i can for $500k and then use the equity to buy the rest and that way I only have the $500K to repay?

Please let me know if i didnt think this out properly.

[Aaron K.]

I think I understand your question, and I would say the answer depends on your situation.  For example if these are buy and hold properties you might be able to get in for 20% down meaning you could buy two properties instead of one with your $500k.  This would be a good option if the properties cash flow.  If you are flipping, it will depend on how comfortable you are with taking on debt and which financing options you have available to you.