Quote:
Originally Posted by Sylvanfan
A former co worker of mine in Sylvan Lake has probably lived in 12 houses over the past 14 years all brand new. He has never spent a cent maintaining a house.
Really there might be a way where you could take out a mortgage for like 400k, and use the money you have to generate enough money to pay the full mortgage. With that type of equity, you can start looking at more tax efficient moves to help you pay for your house.
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Maybe not, but he's probably paid enough in realtor fees that he'd have been a lot better off just slapping a coat of paint on from time to time.
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