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Updated about 10 years ago on . Most recent reply

Vernon Powe's profile image
Vernon Powe's profile image
Vernon Powe
  • from Groton, Connecticut
  • Member since May 25, 2014
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Vernon Powe's profile image
Vernon Powe's profile image
Vernon Powe
  • from Groton, Connecticut
  • Member since May 25, 2014
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Vernon Powe
  • Groton, CT
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Starting Out

Retirement Fund

Vernon Powe
  • Groton, CT
Posted

I have more than enough money in a retirement fund to purchase a Condo to use and my first rental. The unit is owned by a bank. Asking price is much lower than Zillow's zestimate. Should I take 40% of my retirement fund to purchase this property? I believe that I can recoup the money from 6 years of collecting rent. What are your thoughts?

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