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Yes, I'm talking about a prime location property. That's why you are putting down $2million with leverage (say $4 million total buy). Of course there are cycl
by brc 16y ago
Yes, I'm talking about a prime location property. That's why you are putting down $2million with leverage (say $4 million total buy).
Of course there are cyclical downturns, and also upturns. The idea is to get a low risk passive income, not to flip it and make money. Any blue chip property is going to stay blue chip regardless of market conditions, unless the location goes sour. But that's part of your due diligence.