Posted by Ed Garcia on December 10, 2001 at 10:20:54:
Of course it could be a high-risk proposition if the property doesn’t appreciate enough to give you enough room, or build enough equity, to re-finance the property to payoff the balloon payment. That’s why you always hear me say, you make your money on the buy.
For more detail go to the “How-To Articles” and look up an article I wrote “Making money when you buy”.
If your purchase is solely based on appreciation, you’re an accident looking for a place to happen.