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<blockquote data-quote="cross_7" data-source="post: 990836" data-attributes="member: 8382"><p>I would like to own part of it free and clear, bucause you just never know.</p><p>I would rather have it all under 1 fence but I would sleep better at night owning some of it and not having it all mortgaged</p><p>That is the only reason I would think of buying 2 seperate properties, but I am not sure if I could be forced to sell property 1(paid for) to settle debt on property 2 in I default on the loan.</p><p>I would never borrow the money if I didn't know for sure I could make it pay but no one can see the future and I am sure the lender would require enough of a down payment to cover themselves if i default.</p></blockquote><p></p>
[QUOTE="cross_7, post: 990836, member: 8382"] I would like to own part of it free and clear, bucause you just never know. I would rather have it all under 1 fence but I would sleep better at night owning some of it and not having it all mortgaged That is the only reason I would think of buying 2 seperate properties, but I am not sure if I could be forced to sell property 1(paid for) to settle debt on property 2 in I default on the loan. I would never borrow the money if I didn't know for sure I could make it pay but no one can see the future and I am sure the lender would require enough of a down payment to cover themselves if i default. [/QUOTE]
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