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Old 07-25-2011, 12:54 PM   #11
Jackbass
Land OF Forgotten Toys
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Join Date: Sep 2009
Location: Central MA
Posts: 2,309
I absolutley bought the property at the wrong time for sure but I wanted to get in the game and based on projections I would have 20% eguity in a matter of months. Not to mention gutting two of the three floors and doing rehabs by myself I had a bit of sweat equity going into it. I just lost my nuts the first two years of owning it. Fortunately I do not need to sell. My next property will have 20% down. No more no less. Money is too cheap to borrow.
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