Quote:
Originally posted by gregtx
come on Lens.. show us pics of the pad in Tahoe!!! ;)
so Quiet.. why did ya opt to pay cash since the interest rates are so low in Canada (5%)? ... as I would think you could mortgage 5+ of them.. with the same 1mill and sell them off right before the olympics.. and keep your favorite one... and clear an extra $5Mill plus in profits.. but then again.... I'm sure someone told you to go the other route
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several reasons (which i do not want to discuss on gfy lol). i have money tied up in many different areas these days, this was a very low risk, high yield investment that i will also enjoy at the same time, including certain tax benefits
