Looking for suggestions on financing first multi-property

[Manuel Savorelli]

Hello board, 

I currently own 2 condos, free and clear.  One of which is my residence, while the other is rented out as an investment property. 

I'm looking to expand into multi-family or apartment complexes and I'm curious if I could use my current ownership of these to properties to my advantage in order to secure financing, or if it's even recommended that I should. 

TIA, 

Manuel 

[Darren Budahn]

Manuel Savorelli

If you reach out to a portfolio lender in your area they may very well allow you to use the equity you have in your current properties as down payments on a future rental. Obviously the free and clear properties would be used as collateral. You could also cash out refinance and take a mortgage on the free and clear properties and use that cash for future investments.