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Updated almost 9 years ago,
New Member from Houston
Hi,
I am currently living in Houston. I am new to the forums, so wanted to say Hi.
Last year I got my first rental by purchasing a new house and renting out the old one. So it really was a 'dipping my toe in the water' deal. We had lived in that house for 20 years, so it was a bit of a job to pack up the family and move.
I do have a goal of purchasing another property this year. The current plan is taking a line of credit on the rental house for the down on the new property. I know some of you guys move really fast, but I am slow and steady and interested in the buy and hold method.
Mike