Quote:
Originally posted by pimplink
That's true, you're left with something....but if you BORROWED MORE than the House is worth...you are left with NEGATIVE cash flow.
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well.. what the house is worth only matters when ur selling it. if ur gonna live in it, u wouldnt really care.
flipping property is possible within the timeframe of 2-3 months (excluding paperwork and apparasials) prices shouldnt flux that badly at that point. RE isnt that liquid.