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<blockquote data-quote="moreluck" data-source="post: 186389" data-attributes="member: 1246"><p><span style="font-size: 15px"><span style="color: #000000">BUT, What bank pays you 10 % on your money????</span></span></p><p> </p><p>(In certain areas )you can borrow the hundred thousand, use it for downpayment on a couple houses.....rent them each for lots more than the mortgage payments are. With steady real estate growth your investment will increase in value and someone else pays the mortgage payments. Your interest is deductible too.</p><p> </p><p>We did this in Utah and ended up with 13 properties all of which doubled in value over 7-10 yrs.</p></blockquote><p></p>
[QUOTE="moreluck, post: 186389, member: 1246"] [SIZE=4][COLOR=#000000]BUT, What bank pays you 10 % on your money????[/COLOR][/SIZE] [SIZE=4][/SIZE] (In certain areas )you can borrow the hundred thousand, use it for downpayment on a couple houses.....rent them each for lots more than the mortgage payments are. With steady real estate growth your investment will increase in value and someone else pays the mortgage payments. Your interest is deductible too. We did this in Utah and ended up with 13 properties all of which doubled in value over 7-10 yrs. [/QUOTE]
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