Re: BBV in MTT - Closed On a House Today (Totally Not Even Close to OT
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I can agree with that as I buy foreclosed properties as rentals....
I would AFTER renovation have it appraised and get a loan for 80% of its value...especially at todays rates...its free money.
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What I will probably do is after it is done, take a line of equity out on its newly appraised value and start to look for property #2.
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