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Updated about 9 years ago,

User Stats

3
Posts
1
Votes
Andrew Coney
  • Dallas, tx
1
Votes |
3
Posts

800k line of credit

Andrew Coney
  • Dallas, tx
Posted

Hello all,

I will have a line of credit of 800k at 2% interest only payments. I would like to be as leveraged as possible.

Is it possible to purchase investment properties with 20% down (800k buys 4MM of investment property) ? If so, what are the qualifications needed?

My plan is to slowly buy smart properties, refi at higher appraise, and use that + net cash after rent/expenses to keep buying 2-3 properties per year.

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