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Reply to "What a self made multiple millionaire would do in your shoes to increase your net worth."
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[quote=Anonymous]Thanks OP-this is 21:38. You are correct-our rental is a former primary residence. I appreciate your persepctive. I guess we thought that our rental property was building equity and even though we lost some money, the transaction costs didn't make it worth it to sell. I am doing a refi, and we will end up with a + cash flow, but only a few hundred/month. I get what you're saying. We have about another 300K saved up and I am looking for properties, but am nervous with buying in DC b/c it is so tenant friendly. Do you have any words of advice of where you would buy now? [/quote]
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