Quote:
Originally Posted by berettafan
i hate to point out the obvious but if it's secured by r/e then it's a mortgage... .
|
Of course you are correct. However, securing a mortgage using the rental property itself as collateral requires MUCH more "time & effort" and costs significantly more in the long run. The way I operate, (after thinking "long & hard" about a purchase), it's simply a matter of writing the check
