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Updated about 5 years ago on . Most recent reply

User Stats

39
Posts
15
Votes
Chris M.
  • Rental Property Investor
  • Clarksville, TN
15
Votes |
39
Posts

Help me analyze this double dipper!!

Chris M.
  • Rental Property Investor
  • Clarksville, TN
Posted

View report

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. 

Most Popular Reply

User Stats

39
Posts
15
Votes
Chris M.
  • Rental Property Investor
  • Clarksville, TN
15
Votes |
39
Posts
Chris M.
  • Rental Property Investor
  • Clarksville, TN
Replied

@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. 

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