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Updated about 8 years ago on . Most recent reply

Cary Beadle's profile image
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Cary Beadle
  • from Knoxville, TN
  • Member since Apr 24, 2016
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Cary Beadle's profile image
Cary Beadle's profile image
Cary Beadle
  • from Knoxville, TN
  • Member since Apr 24, 2016
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Cary Beadle
  • Knoxville, TN
3
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12
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Real Estate Deal Analysis & Advice

Downsizing primary residence to use extra cash

Cary Beadle
  • Knoxville, TN
Posted

I just bought my first SFR and am currently looking for my second. As I am always trying to think of how to fund the next deal, I considered selling my primary residence and downsizing to use the extra cash as down payments for multiple rental properties. Does anyone have experience with this? I know that using a HELOC or refinancing are options, but not using leverage for the down payments would be preferable.

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