Updated about 2 years ago on . Most recent reply
Strategies to leverage properties
Hi Everyone,
I just wanted to get some advice on how I could leverage the current properties I have to acquire more real estate.
I currently own two single family properties in Milwaukee. I’ve had one property for little over a year and bought it for 85k. I currently owe 71k on the property. But just recently the city of Milwaukee did an annual assessment of that property and went up 30k in value.
The second property I just bought most recently in February for 81k but owe 64k on that property. I am currently renovating the property. I repaired some interior work costing me about 7k and the roof which is about 18k.
Any advice on how I could use both of these properties or one to help me acquire more properties? Looking forward to hear your feedback.