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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Lets chat about the wonderful world of owning rental property
 
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No Wave
Sep 18, 2005

HA! HA! NICE! WHAT A TOOL!

Zero VGS posted:

You know what's great... buying a condo for 68k, getting a Home Equity Line of Credit for 75% of the value, using that to buy a second condo in the building in cash, then moving into the second condo, calling a second bank and getting a second HELOC on that.

I keep finding people to rent them for $1000 a month so I guess I'll just keep chaining up loans until I own the whole building?
Wow. Where is this?

* # ¿ May 2, 2014 20:13
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# ¿ May 9, 2024 02:12
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Lets chat about the wonderful world of owning rental property