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Tahoe Cabin - Foreclosure Auction - Rehab then Rental or Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $725,000
Cash invested: $725,000
Bought a cabin in Tahoe at auction at the Placer county courthouse. Foreclosure situation. Appraised at $900k in current condition immediately after purchase. Refinancing now to take the cash out and rehab the property for short-to-medium-term rental, or possibly a flip over the next 9 months.
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