Quote:
Originally Posted by t walgamuth
Yesterday I met with a new banker and discussed the various purchases and refinances. He suggested not to pour all my cash into the rental vacation property but to borrow as much as I can on it and put the cash more on the office rental as the home will qualify for a lower rate.
So I spent yesterday afternoon and today penciling things out for this new strategy. I'll be going in tomorrow too to scratch around more.
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Borrow as much as you can?
You would think the banker is selling money or something.
I don’t understand that approach. Borrowing money in your sunset years? If I weren’t out of debt, I wouldn’t have money for toys.
