i think you can get a bridge loan or something like that. also, they can accept your offer on a house contingent on you selling your house.talk to a mortgage person. this used to be very common in the past when people could not afford both mortgages at the same time..btw, i tell my friends and family that "moving up" is a sure way of "staying poor". i do not know your current situation, so maybe i should not comment. but i still live in our 1k sq. ft house. and have 13 rentals. i tell my wife "there's no point of moving since we can just get another house with the money that we would spend on a bigger house".

Thanks @Jeff Bridges.

No bridges or locks. 

I would look into a commercial bridge loan.

Both will be dealing with the same tenant pool for all intensive purposes in poor areas.Show me a $35k home in a decent area with a respectable tenant pool and i've got a bridge to sell you.$12k is not enough to get involved in RE for an out of state/country for numerous reasons (cash reserves, applicable cities, etc) unless you are a real risk taker and want to deal with poor out of work tenants who work the system.

@Jeff Bridges @Mark Ferguson Great Analysis, Thank you so much for your advice.

I think the popularity of this option is certainly one reason why the price of small multi-families in the northern New Jersey area has gone up a lot recently.It sounds like you got a good deal on the condo--you could consider taking equity out of that to put towards a down payment (HELOC or refinance, for example) or other purchase of a house, particularly if you're in a situation where you need to put 25% down--though some lenders may give you a hard time about, say, using the proceeds of a HELOC for a down payment.For buy and hold type properties I generally don't think "other" types of financing (like bridge loans or hard money loans or whatever) generally make sense, at least not for the greater NYC area, unless you truly need immediate liquidity and are anticipating paying it off from some other sources of funds very quickly, or you find a deal that you can force appreciation in by renovating (like a flip, but you end up holding it).

Certainly a POF from a legit HML like  Lima  lendingone  Lending home  out our way Conventus  Iron bridge to name just a few is fine... however having been a HML and having given many of these out..

Hi @Barry Mitchell I have access to properties in Philly, and across the bridge in South Jersey.  

I want to represent myself in the most credible way possible and not burn any potential bridges or future leads, i.e.