Can somebody give me an explaination as to why everybody is so enthusiastic about having debt (even good debt) - I may have misread but I am a little lost?
I think, Peter, due to our ignorance. The only way must of us know how to profit from real estate investing is by taking on debt and gaining from the leveraged "buy and hold" portfolio.
I understand a bolder, lucrative approach is to undertake developments where, really, no equity need be put in and potentially millions can be made in one deal, over a period of say a year or two. Such a strategy is uncharted territory and a little scary for some.
What do you think?
regards,