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4/1 check-in and announcement!
I’m excited to announce that in conjunction to the “Gym Buddies Daily Check-In”, we will be making a new bowl call “Rest Day Buddies Daily Check-In” for you all to compare notes and strategies for how to take a breather from the gym. Follow link below to learn more: https://tinyurl.com/3yv8rvx8
Ok, now that it’s done, what’s your workout for today? 😅
Any one here from magneti marelli account?
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Upgraded to a bigger place and rented out our previous home
Bought a house and then moved another state. We had money for another down payment. My parents would get a loan and take money out of one house to buy another. You can put 5% down on a second property.
Yep, traded up from starter home after 6y, kept start home as rental. Bought second rental property a few years later.
Saved money, bought a multi-family building with 6 units earlier this year. When it came time to closing I received so many credits (taxes, rent rolls, safety deposit, etc.) that it significantly dropped the cash I needed to purchase.
Bought out of state in a more affordable market. Bigger pockets podcast is a great resource
I put down 5% on a 215k 3 bedroom home that I lived in and rented out the other rooms to local law school students while my now husband was in law school. I was rarely ever there as I was on the road and my roommates were essentially covering the mortgage.
Eventually moved out and rented out the entire house and then eventually sold. It didn’t appreciate much, but I essentially was never paying rent for the years I lived there and other people were paying down the mortgage so all the equity I gained went into my next investment home.
Bought a duplex as my first home with basically no money down. Just sold it recently and cashed out 200k for a 12x return
Likewise. About 10k down
Bought an entry level home, moved, and did it a few more times. Sold one and turned it into a 6 unit. Never more than 10% down and all on 30 year notes. 2 under 4%, 1 at 6.24% and just refi'd to a 5.75%. Most of my portfolio was bought in 2023 (more than 80%). Buy one home (especially if you are young or single) and move a few times so you can build a good portfolio before you settle down.
Trust fund