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Updated about 5 years ago on . Most recent reply
Help me analyze this double dipper!!
Have located two owners of a large complex who are willing to sell one unit each. Townhouses are newer 2500 sqft each 3/3. Combining both units into one loan, if possible. Taking out HELOC on my personal home to pay 15% of the 20% down pmt. Short term in not lucrative, but this is a long term buy/hold. Two blocks from main part of town. If this city continues on the climb (just outside of Nashville) skys the limit for appreciation. They're breaking ground on a massive convention center next year, which is located within a couple blocks from units.
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@Steve Frye Thanks so much for the comment. It's crucial to find the balance between selling myself and actually doing myself a solid. This isn't the short term home run setup, but it sure has potential to be a long term gem.