Quote from: m0nst3r0u5 on September 30, 2021, 03:11:30 PM

Quote from: ethereumhunter on September 30, 2021, 10:36:16 AM

I think I will not suggest to borrow money to buy a property if you do not have stable source of income because you need to pay the monthly interest. It is better to use our funds to have investment like what we have in crypto so in the future, when the price increase which we will make a big profit, we can buy a property without borrowing the money.

Its just and idea, but if you have lets say 100k you buy a property maybe for 300k with a 300k loan and with the 100k you will renovate it , repairs if needed and make it "modern" or the best term "easy sellable" and maybe if you know what you are doing and you did your research you sell it for 600k , you return the 300k loan with 30k-70k interest it depends, and you are left with 150k profit. I think his name was Manny khoshbin who explained that and is sounded awsome. you need a big capital of course and a good plan to take the loan , but from a first glance it was a good idea

If you can have an income, you can use that money to pay your borrow money. But it is not easy to sell a house after we renovate because that will need some time to find the right buyer. You can do it if you are sure that you know you can pay the money to the bank. But for me, I do not want to take that risk.