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On Sat, 14 Nov 2009 09:16:20 +0200, Stefan Viljoen wrote:
> My brother's father in law made an insane amount of money this way. But
> you have to be quite careful (at least "this side of the pond") - quite
> a few folks have gone bankrupt trying to do this here, and then find out
> when the economy takes a dip they can't keep all those mortgages
> covered, and they can't squeeze enough out of their renters.
Yep, you really have to know what you're doing if you don't sell the old
property but instead decide to rent it.
Jim
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