Cigar Asylum Cigar Forum - View Single Post - Real Estate - Can we talk short-sales?

MiamiE · 04-07-2011, 07:38 PM

Jon I know a few investors who live by this philosophy. I think a lot of people got into ARM's, not for investment, but for primary residence without really having an idea what was ahead. Anyways I am not talking about an ARM, I am talking about 0-7% down, and a higher fixed rate. Not to mention, the example I am using is someone with existing assets, and great credit. Kind of makes sense. Less money out of pocket, and who really cares about the interest rate if you won't own it for very long. These people are still making money nowadays, at least down in this horrid market. Regardless if they finance or buy cash.

04-07-2011, 07:38 PM	#19
MiamiE I'm nuts for the place Join Date: Feb 2009 First Name: Erick Location: Miami, FL Posts: 2,892 Trading: (38)	Re: Real Estate - Can we talk short-sales? Jon I know a few investors who live by this philosophy. I think a lot of people got into ARM's, not for investment, but for primary residence without really having an idea what was ahead. Anyways I am not talking about an ARM, I am talking about 0-7% down, and a higher fixed rate. Not to mention, the example I am using is someone with existing assets, and great credit. Kind of makes sense. Less money out of pocket, and who really cares about the interest rate if you won't own it for very long. These people are still making money nowadays, at least down in this horrid market. Regardless if they finance or buy cash.