Quote:
Originally posted by s0laris2
Sleazy, its not just that..
Go to the bank, and get a line of credit, same deal applies..
I have 50,000 line of credit, but 3 rental properties with it. The credit was used for the downpayment and the interest is 100% writeoffable also. No need to Ever pay off the credit. Let the rent pay the mortgages and the extra is income.
Same deal, different perspective
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i have several rental properties. but I bought them all with a downpayment. this is totally different, much less work and MUCH MUCH MUCH less risk.
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.
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