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Old 26th Jul 2012, 04:58
  #15 (permalink)  
giggerty
 
Join Date: Jul 2010
Location: hongkers
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If it's a short term investment you are looking at then be careful. It can and will bite you.

If it's long term, then go ahead. If you are going to live in it then that's easy.
If you are going to rent it then make sure you have enough cash flow to ride out an interest rate rise. Rates will stay low for a while yet but they have to rise eventually.

" Don't wait to buy real estate, Buy real estate and wait"

It's a marathon not a sprint
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