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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: New here! Have questions! Date:  5/5/2013  7:17 PM
Author:  Gingko100 Number:  306963 of 312189

What AJ said: do not put your home at risk to go into debt to buy something you can't afford. And that is exactly what you are proposing by trying to use the equity in your home. If you can't pay cash for the 20%+ down payment (and still have that 6 month emergency fund), you cannot afford to buy rental property.
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