Updated about 9 years ago on . Most recent reply
Purchasing 2nd More Expensive Property
New investor. Bought 1st property for cash $35K. Appraised at $60K. In the middle of rehabbing it. Opportunity to purchase 2nd, more expensive property. My girlfriend and her brother are both owners (Power of Attorney thru Lady Bird Deed). Brother doesn't want anything to do with house, it's appraised at $179K. 2 story house built in mid 70's. Needs work. Great location. Great neighborhood. I'm limited on cash for the moment while rehabbing the 1st house. Can anyone recommend strategy for getting money for the 2nd house? Thanks in advance!