05-04-2008, 02:50 PM
I you could guarantee a certain level of appreciation for a property for a certain period of time, you'd be able to compare the return to the cost of the money, and putting equity into other purchases would be a smart move.
But you can't.
And lots of small-time real estate investor types are in dire straits at the moment.
The best approach is a mix of the two-- you can have and use a credit card without carrying a balance; you can have some of your equity in a money market account to use in an emergency; neither should break you but both increase your ability to survive a rough patch.
But you can't.
And lots of small-time real estate investor types are in dire straits at the moment.
The best approach is a mix of the two-- you can have and use a credit card without carrying a balance; you can have some of your equity in a money market account to use in an emergency; neither should break you but both increase your ability to survive a rough patch.