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Old 09-01-2010, 12:05 AM
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OllieJ OllieJ is offline
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Make sure you do the sums properly first and go in eyes wide open. Buying a property with debt means you need to make a capital return greater than the component cost of your debt and the opportunity cost of your equity. Hard to do in a market that has experienced such strong recent growth. The money is in re-development but you need cash up the kazoo at the moment to get kicked off.
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