How can I leverage my first investment home

[Justin Campiotti]

Last year, I bought a small condo with some cash I had saved up. It is now appraising for around $80,000. I own it outright and the cash flow is OK. What ways can I leverage that equity to purchase another property? Can I use the equity as collateral to purchase another investment with no money down, or will I need to take a loan out on my first property to get cash for a down payment? Are there any other options? I plan on talking to a lender soon, but wanted to have some idea what options are available to me before I do.

Thanks in advance for your advice!