Re: Buying your dream home - Posted by Joe
Posted by Joe on March 14, 2006 at 11:46:24:
Since you said dream home, I am assuming you’ve already made it big in real estate. In that case, I would just pay all cash for exactly what you want. The thing with doing deals is that you take what you get. If you don’t like the neighborhood or the floor plan, who cares? It’s not your personal residence. So if you are looking for a personal residence, it may be a while before you find something you like. If you pay all cash, then you own it free and clear and never have to worry about missing payments again (other than taxes and HOA fees if you have them). In the end, I would leverage every investment I had to the max if I could do more deals. But, I would probably leave my personal residence alone just for safe keeping.