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Updated almost 18 years ago on . Most recent reply

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Starting Out

New player , New deal

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THis would be my first deal.
I found a house for sale in an economic thriving neighborhood. Nice homes, no crime, its growing development wise, everything checks out. The house 3 Bed, 2 Baths. $160,000. So to my non-experienced understanding i go apply for a mortgage and rent higher than my monthly payment and hand the managment over to a PM company and i keep the difference? Am i good to go?

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