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Updated almost 18 years ago,

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Rental Unit Question

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Posted

Hey everyone, I'm new here and to RE in general but I have some money saved that I'd like to invest in some RE.

That being said, I am looking at a few apt units that are all under 50k (most are under 40). My question is about financing these units. The easiest method seems to be to just do traditional 15 or 30 year mortgages while paying down as little as possible correct? I'm not looking to simply flip these units but am more interested in the long term rental income.

I have read about more creative financing when there is seller financing available, but it seems these units are all being sold be re agents.

Any advice would help, thanks!

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