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All Forum Posts by: Jesus Villarreal

Jesus Villarreal has started 16 posts and replied 52 times.

Post: Need some advice on financing options

Jesus VillarrealPosted
  • Investor
  • Abilene, TX
  • Posts 52
  • Votes 5

I have been employed at my job for 9 years and my credit score is in the 700's.

Post: Need some advice on financing options

Jesus VillarrealPosted
  • Investor
  • Abilene, TX
  • Posts 52
  • Votes 5

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.