Posted on: 14th Mar, 2007 10:02 am
to my friend who has limited amount of money and a very good friend of his went into business to purchase as many cheap condominiums available and rent them out..So far he was very successful in obtainling mortgages loans which they call debt..I wonder is it is adviseable for any human being to purchase such cheap condominiums without paying the principal
Hi Speedyday,
I haven't heard of anyone doing this. But then if the money can be reterived by renting the condiminiums and that too for a good amount, then one may try it out.
I haven't heard of anyone doing this. But then if the money can be reterived by renting the condiminiums and that too for a good amount, then one may try it out.
That's a weird thing. Buy condominiums without paying and then rent them out. How will the seller then benefit?
Hi Speedyday,
Welcome to the forum.
Your query isn't clear to me. Are you willing to purchase a number of cheap condominiums? please explain it so that I can give my suggestions.
Take care
Welcome to the forum.
Your query isn't clear to me. Are you willing to purchase a number of cheap condominiums? please explain it so that I can give my suggestions.
Take care