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> Since you can be foreclosed upon and walk away only in non-recourse states, of which there are twelve. if you don't live in one of those, the downside is sti
by leetcrew 5y ago
> Since you can be foreclosed upon and walk away
only in non-recourse states, of which there are twelve. if you don't live in one of those, the downside is still capped, but it's the full purchase price of the house.
it's not a good idea to yolo invest like this unless you really know what you're doing.
- rory 5y agoTrue, but those twelve comprise a large portion of the country (mainly since they include Texas and California). Honestly, in most states your greater risk is likely that a renter just stops paying and you have limited or slow recourse options. But like most undiversified investments, it's possible everything could go to zero (see Detroit).