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Updated almost 10 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Winfield, West Virginia
  • Member since Mar 19, 2015
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Winfield, West Virginia
  • Member since Mar 19, 2015
Connect
Account Closed
  • Winfield, WV
0
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5
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General Real Estate Investing

Buying reo fixer upper or down pay and finance for rentals?

Account Closed
  • Winfield, WV
Posted

I am looking to purchase property to rent out. Say I have $15k in cash. Looking at cheap bank owned properties on auction that require cash only purchases, some as low as $10k. Most likely a fixer upper, right? -or- Put $12k down for a $50,000 single family home and pay mortgage on it with rent.  Which is the better option?

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