All Forum Posts by: Karen Korntved

I have $100,000.00 to invest .

The property I am looking at is a multi-family dwelling cost about $500,000.00.

If the bank requires 20% down to secure the loan which equates to $100,000.00 I will then no longer have any capital to invest for making future purchases.

My question is – If I buy this property will I be able to transfer the equity of the $100,000.00 in to a secondary property that I would like to purchase.

My goal is to purchase one property per year, hopefully using the original $100,000.00 as equity by transferring the $100,000.00 for a personal loan and then using the same $100,000.00 equity to purchase property after property.

Is this possible to do?