- Centurion Member
- Posts: 197
- Joined: Sun Dec 12, 2010 11:26 am
- Location: Florida
If the properties are so distressed that a mortgage company won't touch them it probably isn't a good idea to try to float the purchase on a CC. A mortgage; even an interest only or variable with a balloon is a better vehicle for buying investment property.
The general rule for buying investment property is that if you can't fully amortize it over 7-10 years then it isn't a good investment.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.