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Updated almost 7 years ago on . Most recent reply

User Stats

19
Posts
1
Votes
Jerrad Dumont
  • Investor
  • Saranac Lake, NY
1
Votes |
19
Posts

How far should i go??

Jerrad Dumont
  • Investor
  • Saranac Lake, NY
Posted

I just purchased a foreclosure and it went very well.  I not have a 15 yr mortgage which is my only debt outside of my car payment.  This foreclosure is in a beautiful area, 4 bed 2 bath and i have about 60,000 in equity.  I also own a 4 bedroom house where i rent to college kids, however this is a ten year rent to own so i do not show a mortgage.  

Everything is going very well but i would like to start another "project".  I have found a 3 unit apartment building that is reasonably priced and was thinking if i should make a move or wait and gain more equity.

Thoughts?

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