<b>Don't Buy a House on a Cred

Discussion in 'Credit Talk' started by <b>pbm</b>, Dec 22, 2000.

  1. <b>pbm</b>

    <b>pbm</b> Guest

    <HTML>"I am trying to buy a house that needs a lot of work. I was thinking that instead of adding the money for the rehab onto my mortgage that I could use my credit cards. This way I would not be paying back the money for rehab for 30 years. Please advise."

    Gary Schatsky is a nationally recognized fee-only financial advisor. Read his response to this and other questions <a href="http://www.worldlyinvestor.com/article_display.cfm?article_id=13731">here</a>.

  2. creditwork

    creditwork Well-Known Member

    RE: Don't Buy a House on a Cre

    Fair article, but I have purchased both a timeshare and my present townhouse using credit cards. It all comes down to what is available at the time of purchase, the important thing is to purchase. Real Estate assets are great for leverage.


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