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From: Mike .
buy 1st home or get into IP?
From: Ed ([email protected])
Date: 7/12/00
Time: 10:06:43 AM
Should I buy my own home first (currently renting) or go for an IP? The $7k freebie looks nice, and I'd only pay a mortgage for what I'm currently paying in rent.
My own home would give me equity to borrow against for buying IP, but I'm not sure how large a deposit I'd need. Isn't the deposit for one's own home much larger than what's needed for an IP?
Any suggestions?
Thanks for your help. Ed
buy 1st home or get into IP?
From: Ed ([email protected])
Date: 7/12/00
Time: 10:06:43 AM
Should I buy my own home first (currently renting) or go for an IP? The $7k freebie looks nice, and I'd only pay a mortgage for what I'm currently paying in rent.
My own home would give me equity to borrow against for buying IP, but I'm not sure how large a deposit I'd need. Isn't the deposit for one's own home much larger than what's needed for an IP?
Any suggestions?
Thanks for your help. Ed
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