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Old 04-22-2011, 10:48 AM
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Join Date: Apr 2011
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Default I purchased a foreclosure in florida and paid...

...cash. Can I get a mortgage on it to buy another place for rental? I would like to get a mortgage on the place I paid cash to purchase another unit or possibly 2 more units. These units I can purchase for 30000 and rent out for 780 to 800 per month. Please give me any ideas you all have. I would like to make this a profitable business and eventually own the whole block of townhomes! Thanks all
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