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Updated over 6 years ago on . Most recent reply

Hyunwoo Shin's profile image
Hyunwoo Shin's profile image
Hyunwoo Shin
  • from Macomb, MI
  • Member since Nov 25, 2018

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Hyunwoo Shin's profile image
Hyunwoo Shin's profile image
Hyunwoo Shin
  • from Macomb, MI
  • Member since Nov 25, 2018
Hyunwoo Shin
  • Macomb, MI
1
Votes |
28
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General Landlording & Rental Properties

How soon can you buy 2nd Investment property?

Hyunwoo Shin
  • Macomb, MI
Posted

I'm in process of buying a house right now. 

I wonder how can I buy the 2nd home soon?

I put 20% DP on this first home so my pocket money would be low after the purchase.

How did you experts expand your portfolio after the fist house and how long did it take?

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Nathan Gesner's profile image
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Nathan Gesner
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010

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Nathan Gesner's profile image
Nathan Gesner's profile image
Nathan Gesner
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

You need to stop investing and focus on your stability. Your business is a mess, you just bought a home you can't afford without renting part of it out, and you don't have any money saved up. This is a recipe for disaster.

Investments should be made from a position of strength.

  • Nathan Gesner
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