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Updated almost 7 years ago on . Most recent reply

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Nicholas Mullens
  • WI (wisconsin)
3
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18
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Buying my first deal!

Nicholas Mullens
  • WI (wisconsin)
Posted
Hey everybody I’m new to REI and am planning to purchase my first deal in the next 6-8 monthes I plan on purchasing a duplex in my area of southeast Wisconsin. I currently have a 1 year lease on an apartment and was wondering what a good loan would be that wouldn’t require me to live on the property for the first year. Thank you in advance for any help!

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338
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155
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Justin Brown
  • Real Estate Agent
  • Allentown, PA
155
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338
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Justin Brown
  • Real Estate Agent
  • Allentown, PA
Replied

Great work @Nicholas Mullens! Best bet would be conventional with maybe as low as 15-20% down. You could look at some kind of property with some BRRRR opportunity where you could finance out your initial 15-20% cash.

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