Quote:
Originally posted by bdjuf
pocket the difference, therefore create an asset
and after a few years sell/trade the building?
so a) you make money off the rent and b) you make hardcore cash when you sell it?
am I getting this thing right?
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Save the difference towards your next downpayment.
As soon as you can, buy another property. Wash rinse repeat.
Remember to keep a contingancy fund .. Appliances, repairs etc are your responsibility.
If you work hard at it, you'll end up with many properties, all making more than they cost.