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re: How much money should you have in the bank by age 30.
Posted on 9/22/17 at 11:31 am to ItNeverRains
Posted on 9/22/17 at 11:31 am to ItNeverRains
quote:
Im in real estate. I have 300k sitting in bank. In a multi offer situation in the hottest market in US cash and quick closes are king. I would argue you should never deal in absolutes. That’s shortsighted.
Agreed about absolutes, but you're aware that margin is a thing, right? Or a line of credit.
1
Posted on 9/22/17 at 11:44 am to slackster
quote:
Agreed about absolutes, but you're aware that margin is a thing, right? Or a line of credit.
Absolutely. I have 175k in a HELOC. I’ll use it if necessary. But if only had 175k LOC I’d be fricked 90% deals in my market
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