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Reply to "Pay off investment properties or buy new ones - what would you do?"
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[quote=Anonymous]It's not really possible to answer this question without knowing the rest of your finances. But, for most people, tying that much money up in real estate would be a bad idea because that money could be better deployed to other things. You can make a fair amount of (risky) money flipping properties quickly, and owning your own home can make a lot of sense as one piece of your financial picture. But in general, residential realty isn't a stellar long term investment so I wouldn't expect someone to have five pieces of investment property unless they also have tons of money in other investment vehicles.[/quote]
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