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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (38550)	2/26/2013 8:20:40 PM
From: Wharf Rat	Respond to of 86356

Like in "I bought rental property in '07, and it was foreclosed on in '09? Good thing I still have my SS."? So you're borrowing money to put into real estate, which you then put in an IRA?" The above was a hypothetical situation, which would have hit many folks during the crash. In my own case, I took out a mortgage on my house to finish a building which I had bought after finding a tenant who would lease it for 5 years. It's not part of a retirement plan. In fact, it wasn't part of any plan. I never expected to be a commercial developer, a real estate flipper, an entrepreneur, a leading "very small town father", or a bank, let alone all of them in one year.