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9 July 2019 | 5 replies
(assuming adequate capital each year from salary)Year 1 -- Buy 150-200k single family or duplex with 75k down payment on 10-year mortgage-Rent property (may cash flow, but happy to just break even)Year 2 -- Buy 150-200k single family or duplex with 75k down payment on 10-year mortgage-Rent property (may cash flow, but happy to just break even)Years 3-10 -- (same thing each year)Year 11 - Take out another mortgage on the house from Year 1, which is now completely paid off.
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18 August 2014 | 21 replies
It's hard to say how much rent the market will bear by doing that and knocking off a few thousand dollars just doesn't seem an adequate risk to reward ratio.
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9 December 2014 | 86 replies
I had decent credit, around 700 and my Debt to Income ratio was more than adequate.
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17 July 2019 | 0 replies
Bad enough the property wouldn't have cleared adequately for the loan conditions (a conventional loan).
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28 December 2021 | 1 reply
If you feel like you're not able to do adequate due diligence on a property, then don't buy it.
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1 June 2019 | 2 replies
I looked at both and while it was not great the overall condition was adequate for the price...
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25 September 2018 | 1 reply
This is because you can never prevent someone from suing you, and even if you've adequately limited your liability, you'll need to pay for a defense.
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15 December 2019 | 2 replies
@David Ade Ensure you are using adequate data to support those rents.
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10 April 2023 | 10 replies
No limit on number or amount of properties so long as you have adequate reserves.
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3 June 2023 | 3 replies
Crypto is not really an adequate source of funds at this point in time, although I would have to assume it will change in the future.