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Updated almost 3 years ago,
BRRRR with Conventional Leverage
Investment Info:
Single-family residence buy & hold investment in Baltimore.
Purchase price: $133,000
Cash invested: $75,000
Leverage conventional financing to acquire. Used HELOC on primary for rehab. Did cash out refinance ounce complete. Paid off HELOC and my own money put into deal after 6 months. Needed original loan to mature. Booked long term tenant after 3rd month of ownership. Same tenant still in property.