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Updated over 5 years ago,
Financing First Rental Property
Hello, would someone be willing to help me analyze whether I'm financially ready to purchase my first rental? I'm considering taking out both a HELOC and obtaining a loan for the rental property, but I worry that I'm getting in over my head. I have 70% of my primary residence paid for, and significant retirement assets, but very little income.
Please message me directly if you're willing. Thanks in advance!