How to quickly recoup your initial investment
I recently purchased a brand new duplex (3/2) that rents for $2,200 / month. That said and taking into account the current condition of our economy, what are some of the best and quickest ways to recoup your initial investment? For example, I put $97K down on my duplex and I want to get that $97K back plus the forced equity.
Some of the questions and conversations I have had revolve around; how long you should wait before refinance; what strategies are the best to recoup the initial investments; is it best to use traditional banks, private lenders, etc.
Lastly, the purpose behind this post is to gather as much feedback possible to aid in building more solid investment plans and strategies.
Thank you all in advance for your input,
Steven DeHart