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Updated almost 13 years ago on . Most recent reply

User Stats

52
Posts
5
Votes
Jesus Villarreal
  • Investor
  • Abilene, TX
5
Votes |
52
Posts

Need some advice on financing options

Jesus Villarreal
  • Investor
  • Abilene, TX
Posted

I apologize first of all if I am not on the right forum .

I currently have a mortgage on my primary homestead and i own a rental property which is next door. I own the rental property free and clear.

My dreams have always been to be successful in order to retire one day and also to continue to provide for my family. I almost feel like this is my calling as I some how mananged to buy the rental property for $8,000 cash. As time has gone on I now have the opportunity to buy another property for $18,500, which lists (on the county tax rolls for $45,000).

My question is, what would be the best route to take in regards to financing this amount, given that I do not have any funds to put down at this current time. Any and all help is greatly appreciated.

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