All Forum Posts by: Kristopher Hanks

@Anthony Geren that is a good possibility. 

@Daniel Kurt if I understand you correctly, take out a mortgage on the first property for lets just say $20,000 if that is what I need for the down payment for the second property and then mortgage the left over amount on the second property?  

I was wondering if it is possible to use your first property (buy and hold strategy) to get into your second property?

For example if I owned my first property out right is it possible to use that property as collateral to secure a loan and low interest rate when buying the second rental property? 

The reason for this question is, I will be buying rentals using a company as the owner of the properties and I want to start building the business' credit history to make it easier to secure future deals. 

Thank you in advance for your time.

Thank you! Looking forward to connecting with experienced real estate professionals. 

Hello, 

My name is Kris and I am new to this site. I live in northern Virginia near Dulles airport. I am looking at getting into buy and hold real estate investing to provide rental income. My goal is to free up more of my time through passive income and build wealth over time by owning multiple properties. I am eager to learn all that I can from the other members here. Thanks for allowing me onto the site. Have a great day everyone.