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Updated almost 3 years ago on . Most recent reply

User Stats

13
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20
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Priya Gohil
20
Votes |
13
Posts

How to finance my second investment

Priya Gohil
Posted

I need help figuring out the financing options for my second investment.

Mid-march I closed on my first buy and hold investment property. It was a long journey, discouraging at times, but I found myself an investment opportunity that checked everything off my list. I am a lot more comfortable searching within certain markets, finding the right property, putting in offers, knowing a few realtors and property managers, etc. Now, I'm itching to do it again, but I don't have as much money to spend. I have a lot more to learn in terms of financing a new project especially with a lot less money available now.

My parents have a condo they bought with cash back in 2012 in AZ. Not sure if that is something I could leverage. 

Please suggest any essential reading, podcast episodes, youtube videos, etc. you would suggest to help me understand options, the process of each option, pros and cons, and so forth.

I am more of a buy and hold type of investor right now, because I don't see how I can manage BRRR with a full time job, living in CA, and/or trying to do BRRR in a different state.


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