Jaycee,
Perhaps you didn't read all of what I wrote, or maybe didn't understand it.
Paying off 1 house or 2 houses is not her goal, owning 5 properties is. Getting to that goal could be much harder if there is a boom in property prices in the next year or two, because saving up for that 50% deposit gets harder and harder as the prices rise.
Both you and Vincenzo think it is a risk free strategy, but it is not risk free in reaching the final goal. If prices doubled over the next 2 years, then went slightly up for years, reaching the goal of 5 properties by buying 1 at a time and paying it off, will take years longer to achieve and that time is the risk.
We each only have a certain amount of time available, why risk it??
bye
Bill, in 5 yrs hse paid of a whole ****ing house ! I can't see what the helll is wrong with that..
Perhaps you didn't read all of what I wrote, or maybe didn't understand it.
Paying off 1 house or 2 houses is not her goal, owning 5 properties is. Getting to that goal could be much harder if there is a boom in property prices in the next year or two, because saving up for that 50% deposit gets harder and harder as the prices rise.
Both you and Vincenzo think it is a risk free strategy, but it is not risk free in reaching the final goal. If prices doubled over the next 2 years, then went slightly up for years, reaching the goal of 5 properties by buying 1 at a time and paying it off, will take years longer to achieve and that time is the risk.
We each only have a certain amount of time available, why risk it??
bye