Saturday, May 5, 2007
Scratch That, Buy a Fourplex
Never mind what I said about the condo purchase over the land deal. There is still 100% financing possible on fourplexes as long as your FICO scores are healthy. This give you leveage of rents and on appreciation value. If your $300,000 condo goes up 5%, that's a $15,000 gain. If the $1,000,000 fourplex does the same, that's $50,000. I also bet that the fourplex on an after tax basis is the cheaper ownership.