12-13-2003, 12:09 AM
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Confirmed User
Join Date: Aug 2003
Posts: 3,042
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Quote:
Originally posted by racksale
Paying off your first investment asap is against the entire idea of borrowing money at low interest in order to invest it somewhere else. Save up some of that money and buy the 2nd and 3rd house/condos, using the revenue from the rent of the 2nd/3rd houses/condos to help pay off your 1st house's mortgage. Sit back and watch your 3 places bring you recurring money and appreciate in value.
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What he said  |
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