Double trouble-how to creatively buy a second property

[Brittany Roley]

Hello!

I currently own a home in my name used as a primary residence in the hot Denver real estate market. Houses are going like hot cakes but I sense a small downturn approaching.

My fiancé and I found a property we would like to buy in both our names but would need a down payment. We have been prequalified for up to 417 with 10% down. . .and are working on the preapproval. If we sold the current house we would be hoping to make a profit of around $70,000.

 The only way we are thinking we could get that down payment money for the property we are looking to buy would be through the sale of the current home. However,  I would love to keep it as a rental but not sure if there are options or creative financing strategies out there that could allow this and still buy the other property. Any ideas or suggestions from BiggerPockets would be greatly appreciated. :) I'm still kind of new to the real estate game so I'm looking at this as a possible investment and learning experience! Thanks!