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Updated over 7 years ago on . Most recent reply

User Stats

43
Posts
3
Votes
Kapil Patel
  • Rental Property Investor
  • Jersey City, NJ
3
Votes |
43
Posts

Possible to make ROI on low down payment?

Kapil Patel
  • Rental Property Investor
  • Jersey City, NJ
Posted

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

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