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To: Notary Sojac
Here is my rule on buying real estate.

If my CURRENT disposable income cannot pay for the property within ten years including interest and taxes and I cannot afford to pay down at least 25%, I shouldn't buy the property.

Congress critters call such unworkable. I call such mandatory. My properties are paid for in full (all of them) I have never even come close to defaulting on a property loan.

Maybe Congress should rethink their idiot proposals!

13 posted on 06/30/2011 7:43:58 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Not everyone is cut out to own property - even when you give it to them basically for free.


20 posted on 06/30/2011 7:51:49 AM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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