Borrowing against property.

[Burt Gourley]

Hello everyone, 

     I am fairly new to real estate investing. I am a RN by profession and acquired my first house last March in the Taylor Ranch , Albuquerque NM .

I acquired the home well under value and paid cash with repairs/remodel all in at $130,000.The home market value was around $180,000 at the time. I am currently renting the home out for $1250.00 a month , I did all the repairs and remodeling myself prior to renting.  

Shortly after I used some funds I scraped together between me and some family members and purchased a total rehab project in Roswell for $25,000, all in now at $69,000 ( market value is around (129k-134k). Renting at $925.00 month . 90% of the remodeling I did myself .

My question is this :  I really want to purchase some more property in the NW area of ABQ , this is where my first home is ; What is the best way to leverage a home to purchase a property. I am going to search for articleS on here but if there is someone local - or anyone that can give me some advice regarding options I could use moving forward to invest into another property. I have spent just about everything I have getting these two properties going.  Really just looking for direction towards acquiring another SF property.