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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (39794)8/31/2005 6:04:23 AM
From: KMRespond to of 306849
 
I called a mortgage broker today because I have a potential buyer for the house I'm renting and I can buy it from the owner for considerably less. Yeehaw, I'm a flipper! LOL

Anyway, just for fun I pretended at the beginning of the call to be interested in buyning the house with a 15 year fixed rate note and 50 percent down. You should have heard the shrieks of horror. I'm throwing money away apparently by doing that.



To: Jim McMannis who wrote (39794)8/31/2005 12:35:50 PM
From: John VosillaRespond to of 306849
 
Jim do you listen to the mortgage brokers on the radio in our area? They advocate the complete opposite on just about every point. Low donn payments, always keep little equity, keep monthly payments as low as possible. Invest all the savings into even more property and achieve certain wealth from 20% plus yearly appreciation. I bet know one advocates this in Ohio.


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