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    Did you overextend yourself buying 1st IP - Importance of Buffer

    We purchased our 1st IP in May 2009 in the midst of the FHB period for $375K, financed via equity from our PPOR that we purchased in Aug 2007 and a fresh 90% loan; effectively borrowed about 106% and throw in our own money to finance the deal. Even then, being newbies, we could have done a...
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