Cash Outs As First Time Investment

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I have pinned two properties that I would like to invest in. There is 60- 70 thousand in equity in each. I planned to take out about half then I would have about 60 -70 thousand to buy another free and clear or buy another property. I am not making a down payment. Is this a good way to start? [ Edited by yasmineyoung on Date 12/29/2004 ]

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