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Updated over 8 years ago,
Is this Strategy Sound?
Hi. I've been thinking and saving for real estate for a year now. I don't have much spare cash that I can invest at the moment. As a young 25 year old living in Boston, what kind of strategy should I consider? I have a great credit score and probably some untapped loan availability.
Also I have read that when buying a multi-unit property, you can use the other units suggested rental income along with yours to prove you can afford it. Can I do the same for a single-unit investment property? Can I use the suggested rental income of the current state property towards the loan? I don't own any other property.
Would you think it is worth looking for a business partner in my situation?
Thanks!