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And if he's only breaking even, isn't that okay? If he gains net $0 from it, and spends net $0, he'll (eventually) have a land asset. Illiquid and potentially
by scott_karana 13y ago
And if he's only breaking even, isn't that okay?
If he gains net $0 from it, and spends net $0, he'll (eventually) have a land asset.
Illiquid and potentially risky, but still. Getting a mortgage paid for you is a nice deal.
- pilom 13y agoOr, he could take the down payment he put on the place and invest that and come out ahead. Granted this person probably does make more than $1, but if they didn't, there are other better uses for money.