Could I take out a mortgage on an inherited property to invest in other properties?
Hey Bigger Pockets!
Pretty new here, but have already learned so much about real estate just by lurking around.
My question is as follows: My father passed away nine years ago and left me and my siblings the home we grew up in. The title is in all three of our names. There is no mortgage on it, but the house is in far from perfect shape.
I want to start investing in buy and hold properties. Would I somehow be able to use the worth of my inherited home to invest in buying another property? Any expert advice on this would be much appreciated. Also, if there is a thread that I've missed in my going through the forums that pertains to this, please post the link.
I'd be happy to post more info if you need it. Thanks for all your help guys!