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Updated about 10 years ago on . Most recent reply

User Stats

39
Posts
8
Votes
Daniel Morgan
  • Real Estate Investor
  • Springfield, MA
8
Votes |
39
Posts

Leveraging My current Assets to purchase a property?

Daniel Morgan
  • Real Estate Investor
  • Springfield, MA
Posted

Hi everyone i have a question if anyone can help with advice it will be greatly appreciated.

I currently own my single family residence i purchased in 2012 and I also own my 1st home purchase (2 family multi purchased back in 2010). theres no equality in the multi but I do believe there is some in my SF residence because i got it alittle under market vaule.  Im looking to purchase another property and was wondering whats the process of me using what i own already toward purchasing a new property as a buy/hold. Are there any perks that i could use for leverage with what i already own? i would like to stay under 10k out of pocket as my down payment. 

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