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Foolish Advise Tread Carefully
Larry, based his book on a well timed investment. He then over financed the unit and has been in foreclosure for 4 plus years. Living nearby, I drove by. If he can write a book on investing anyone can. Having been a landlord and landlord tenant attorney for 20 years this is a cut throat business with little room for error. If you purchase a rental property you need a cash on cash return of 15% or better, financed or cash purchase. Betting on continued appreciation is for fools. You must lock in your return the day you buy.
October 2014 · Books · verified purchase
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