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Updated over 4 years ago,
1st Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $60,000
Cash invested: $7,400
My first rental, purchased back in 2017.
Downpayment of property was paid with a HELOC taken out on my primary residence.
Refinanced in 2018 at 80% LTV and paid for 2 more buy & holds with those proceeds.