Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

26
Posts
2
Votes
Brian Price
  • Developer
  • Panama City, FL
2
Votes |
26
Posts

Leveraging a property to purchase another?

Brian Price
  • Developer
  • Panama City, FL
Posted

New to investing. I'm self employed and For the past 18 months, I've only paid myself $350/wk due to last years hurricane and now this pandemic. I own an investment townhouse free and clear and I conservatively estimate its value at $105K-$115K. I gave my tenet a deal for paying cash. I have X amount of cash now; however, I think I've shot myself in the foot! Lenders want to see a history of occupancy/income. Is there a way to leverage this property? perhaps a private investor!?! If so, Where should I look? Also I'm putting my primary residence on the market because I'm tired of paying an HOA! There's about $45K in equity there. The plan is to acquire a multifamily property and/or house hack. The ultimate goal is to generate enough cash flow to dedicate full time to learning real estate investing.

Loading replies...