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All Forum Posts by: Justin Campiotti

Justin Campiotti has started 4 posts and replied 21 times.

Creative Real Estate Financing

Post: How can I leverage my first investment home

Justin CampiottiPosted
  • Real Estate Investor
  • Los Banos, CA
  • Posts 21
  • Votes 5

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!

0 Votes