oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona |
quote: I bought a 3 bed 2 bath 1200squ. foot as my primary res. for 2 years and sold it at market value last year for a descent profit.
Seems like that would have been a keeper, how comeyou sold it?
But since you did, why not use that profit for the next rental? IMO, you'll need $80k to $100k houses to build up a nice group of rentals, those railroad shacks are going to cost money, they lose money when you sell, and they are money pits while you own them.
quote: now i have to put 20 percent down on anything. Is there another way to get 0 down financing on investments now?
Yes. Refi your residence, use that money to make the DP - you'll be buying the rental without adding any new money.
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