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re: What would you say the best financial decision you ever made was?
Posted on 7/17/17 at 10:28 pm to Slevin7
Posted on 7/17/17 at 10:28 pm to Slevin7
Bought a duplex in Lakeview in 2008 with a friend. I was 26 and didn't have enough cash to purchase alone. Tried to convince my dad to go in with me on several properties in lakeview before that, no luck. We would have been able to buy 3 properties in 2006 vs the amount I paid in 2008.
In 2013, I bought my friends interest in the duplex, financed the buyout, and my note dropped because the interest rate went from 6% to 3.5%.
Now, I have a cash cow in lakeview. The purchase price + buyout $ is about the current lot value.
In 2013, I bought my friends interest in the duplex, financed the buyout, and my note dropped because the interest rate went from 6% to 3.5%.
Now, I have a cash cow in lakeview. The purchase price + buyout $ is about the current lot value.
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