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Updated almost 9 years ago on . Most recent reply

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57
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10
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Paul Brockmann
  • Northborough, MA
10
Votes |
57
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Is this Strategy Sound?

Paul Brockmann
  • Northborough, MA
Posted

Hi. I've been thinking and saving for real estate for a year now. I don't have much spare cash that I can invest at the moment. As a young 25 year old living in Boston, what kind of strategy should I consider? I have a great credit score and probably some untapped loan availability.

Also I have read that when buying a multi-unit property, you can use the other units suggested rental income along with yours to prove you can afford it. Can I do the same for a single-unit investment property? Can I use the suggested rental income of the current state property towards the loan? I don't own any other property.

Would you think it is worth looking for a business partner in my situation?  

Thanks! 

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