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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (14143)1/28/2002 10:55:24 PM
From: LLCF  Respond to of 74559
 
Pretty funny... had 66 and 111 with a partner of mine... both in Mesa, bought notes and took 'em back with minimal brain damage then slapped some lipstick on 'em and got 'em out the door ASAP! You couldn't hang around for the cash flow thats for sure. We let CB commercial run 'em, that wasn't cheap either.

DAK



To: TobagoJack who wrote (14143)1/29/2002 7:33:00 AM
From: smolejv@gmx.net  Respond to of 74559
 
you dont want to hear MY story, do you? A solid (tax-deductible;}) loss of cca 4% per year (for >5 years). That's the flats' side of the story. Add my own residence, occupied by two grown-ups and a cat. Cca 40% bigger than actually needed, too big of course also in costs and taxes and INTEREST - non-taxdeductible.

As Jay said - thanks I will not forget - your own home is more of a liability than an asset.

dj