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Jul 22, 2019
11:59:19am
Superman21 All-American
I will argue your $10k spare cash point.
While it is capital intensive. I recently purchased a foreclosed home for $63,500. I only put $11,000 down. Everything Elise was on a line of credit. I made the repairs and sold the property within 8 weeks for $125k. I leveraged everything from most of the purchase to the improvements and made 300%+ on my measly $11,000 cash.

Now, I will say, I didn’t plan on making that much, I understand the market I’m in, and I also had an exit plan plus a contingent plan to refinance if it didn’t sell and just rent it out.

To your overall point, there is risk in any investment we make. But there is also reward.
Superman21
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Superman21
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7/22/19 12:00pm

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