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Purchasing a rental Home in Indianapolis area
I found a few properties with great rental potential that I'm interested in rehabbing, nothing major but this would be my first property. I'm a little nervous but I think I'm ready to take the plunge.
My question is I'm in the process of buying my own home and I would prefer to not use a mortgage to finance these properties. Is it okay to take out a small loan and use the cash to purchase and rehab the homes ?