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So what's a good strategy here ? Buy stuff on credit but sell to who ?
by thecleaner 7y ago
So what's a good strategy here ? Buy stuff on credit but sell to who ?
- petre 7y agoDunno, but normally it's not a great idea to buy real estate when prices are insane and property taxes are high. Also if you buy on credit the asset is the creditor's until you pay it off, so you can't sell.
- hef19898 7y agoNot in the case of real estate. There you might have to repay the outstanding debt immediately including any losses of the bank. Unless you manage to sell the financing along the real estate. For private persons, investors and developers are different I think in terms of credit conditions.