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Updated almost 2 years ago on . Most recent reply
buy a house that has assumable low interest loan
We have an opportunity to buy a single family home with an low rate assumable mortgage. However that will require us to invest an additional $150K which I think would be better used to by a 3-4 plex property. Does it make investment sense to tie up a additional $150k in a single family home that we will rent out after a year of living there or use that money now to buy the multifamily property?
Thanks