Originally Posted by
SkyHigh
Investing in real estate would actually be a good idea right now. If I were you I would find a way to pick up a few rentals while they are cheap and easy to get. Everyone needs to diversify.
Skyhigh
That would be a great idea, if only banks would be willing to lend money, but that was, after all, how we got into this mess.
No offense, but I can't see any bank giving out property investment loans to individuals who currently have a mortgage and don't show enough money to justify a loan.
Now, if your talking about first time buyers, looking to purchase a duplex with a few units, live in one, and rent out the other, then maybe you could convince a bank to give you a loan.