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Updated over 6 years ago on . Most recent reply

User Stats

39
Posts
15
Votes
Chris M.
  • Rental Property Investor
  • Clarksville, TN
15
Votes |
39
Posts

Help me analyze this double dipper!!

Chris M.
  • Rental Property Investor
  • Clarksville, TN
Posted

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Have located two owners of a large complex who are willing to sell one unit each.  Townhouses are newer 2500 sqft each 3/3.  Combining both units into one loan, if possible.  Taking out HELOC on my personal home to pay 15% of the 20% down pmt.  Short term in not lucrative, but this is a long term buy/hold.  Two blocks from main part of town.  If this city continues on the climb (just outside of Nashville) skys the limit for appreciation. They're breaking ground on a massive convention center next year, which is located within a couple blocks from units. 

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