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Updated 9 months ago on . Most recent reply

User Stats

7
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Vidal Gonzales
14
Votes |
7
Posts

Strategies to leverage properties

Vidal Gonzales
Posted

Hi Everyone, 

I just wanted to get some advice on how I could leverage the current properties I have to acquire more real estate. 

I currently own two single family properties in Milwaukee. I’ve had one property for little over a year and bought it for 85k. I currently owe 71k on the property. But just recently the city of Milwaukee did an annual assessment of that property and went up 30k in value. 

The second property I just bought most recently in February for 81k but owe 64k on that property. I am currently renovating the property. I repaired some interior work costing me about 7k and the roof which is about 18k. 

Any advice on how I could use both of these properties or one to help me acquire more properties? Looking forward to hear your feedback. 

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