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Updated over 7 years ago on . Most recent reply
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Possible to make ROI on low down payment?
Hi BiggerPocket family,
Is it possible to make profits on 3% down payment after monthly expenses? It seems like you need to put down 20% or more. How do other investors keep buying property after property? Do they refinance existing investment and leverage that on new property (20%)? If yes then existing rental unit where a refinance was done, the monthly would go up, maybe even more than rent coming in.
Any experienced investors, please advise on your strategies.
Thank you,
Kapil