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Hi All,
I am new to the idea of property investing and would like some feed back on the following. It is similar to questions asked a couple of days ago by Johnk.
I own a house that is valued at $150,000. I would like to use the equity from this to purchase another property that we would live in valualed at $300,000. We would then rent out the first property somewhere between $175.00 and $200.00 per week to help pay of borrowed money.
Is this feasible? Any help would really be appreciated.
Adam s
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