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Old 05-26-2004, 06:14 PM  
slapass
Too lazy to set a custom title
 
Join Date: Nov 2002
Location: Earth
Posts: 14,625
Take the longest loan you can get. You will never pay it off anyways. You will refinance it and buy more property or sell it before you care.

You will pay too much so you could use the extra cash flow to cover all of the shit you missed.

Hold onto the building for 10 years. Any dumb mistake from buying will be forgotten, and you will have a sizable net worth.

Repeat.

The math on real estate is crazy as far as returns go. Ask anyone who has done it for a while and the answer is try and buy it cheap and hold it.

Good luck.
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