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Updated almost 9 years ago on . Most recent reply

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15
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3
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Andrew Hooyman
  • Green Bay, WI
3
Votes |
15
Posts

If you had $250K how would you invest it to be financially free

Andrew Hooyman
  • Green Bay, WI
Posted

I am starting to build a business plan for my real estate investment business.  As I am doing this I am curious as to what others would do if they were starting out and had a little money? Would your strategy change if you had $500,000 to invest instead of $250,000?  

Most Popular Reply

User Stats

15
Posts
3
Votes
Andrew Hooyman
  • Green Bay, WI
3
Votes |
15
Posts
Andrew Hooyman
  • Green Bay, WI
Replied
Originally posted by @Milad Keshavarz:

I think the bank will look at the value of the property and let you refi based on the appraised value.  Getting your cash out allows you to purchase, rehab and rent more properties.

 Thanks Milad.  Very helpful, I really hadn't given much thought of just paying cash upfront and then refi as you suggested.

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