I pretty much fudged with the calculator numbers to convince myself that the deal was worth it when in reality, I just wanted to live in the nice part of town while owning a duplex.

It’s nice and all, but in order to achieve the most in RE investing, I’d have to go into debt. should I avoid debt or should I dive in and allow my RE career to really takeoff?

It’s nice and all, but in order to achieve the most in RE investing, I’d have to go into debt. should I avoid debt or should I dive in and allow my RE career to really takeoff?

ARV $125K-$130K  Now its march 2 2018 and Im afraid to even enter the house. the intent was to turn this house into a nice 4bdrm with dining room (from some 3 season room they had. 

We built a nice home we plan on staying forever and it was a unique opportunity to have someone pay over half our mortgage.

So to get in this property for 20k compared to 80k on a investment loan is a nice perk.

If it's just a place to live then it's a wrong place to ask.If you don't own any other RE and trying to built a portfolio then you can probably buy 2 or 3 properties with all that cash and have nice income come in.If you want to leverage it up you can buy a lot more units.So it all depends on your goals.

It’s also probably a nice tax write off?

Then follow it up with a fantastic thank you note and a nice bottle of wine or whiskey. 

James,Nice to meet you.