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Not to buy a primary residence: to buy a (5th) investment property with bank financing. This is noted in the first few paragraphs of the article.
by storborg 13y ago
Not to buy a primary residence: to buy a (5th) investment property with bank financing. This is noted in the first few paragraphs of the article.
- jonknee 13y agoNot to do any of that actually, it would be to take equity out of a property that is owned free and clear (just like all the other properties owned by the author): > I own four properties free and clear. I have no debt. > Not just any mortgage, but a cash-out refinance of less than six figures on a foreclosure I bought for cash, rehabbed and turned back on the market as a rental.