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Updated almost 9 years ago on . Most recent reply

Success or not?
I hope this turns out to be a success story. With the help of a friend I purchased my first investment property. Total out of pocket for me was $28K (20% down with traditional financing). It is cash flowing at $380 a month after everything. Which is good, but now I'm low cash in my investment budget. I did the deal before finding BP and am thinking I should have tried flipping first to build up some cash. Ideas? Anyone in the Boise area that is having success at flipping?
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Cash on cash return to me looks good at 16% if that's cash flow after all expenses. Now time to save some pennies or get creative on the next deal. Best of luck!