Skip to content
Buying & Selling Real Estate

User Stats

34
Posts
6
Votes
Thomas P.
Pro Member
  • Rental Property Investor
  • Staten Island, NY
6
Votes |
34
Posts

Is this true

Thomas P.
Pro Member
  • Rental Property Investor
  • Staten Island, NY
Posted Apr 16 2014, 20:47

I heard an old time investor talking about how he always uses the banks money to purchase a home. He said "I will pay 5% to risk the banks money instead of mine." If a deal goes bad he claims he can just walk away. Is there any truth to that. Is it really that easy to walk away.

Loading replies...