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Updated over 11 years ago,
Has anyone done this strategy and repeated?
Buying a distressed or 70% ARV home with hard money, 100% LTC then refinanced it at 75% or less and rented it out? Curious if anyone has done this several times over in order to build their rental portfolio. This, I would think would minimize out of pocket costs to acquire a rental property. Any ideas or thoughts about this?
Thanks!