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Posted On: 07/21/2017 2:33:36 PM
Post# of 22463
And you know this how?
If that truly is the case, you don't upgrade homes unless you expect higher income. $250k might get him from year to year, but if QMC fails, he has to find a new job to support a large waterfront property mortgage.
So if what you say about him trying to sell for a waterfront property is true, then maybe he expects some improvements in his long term cash flows soon. My Spidey senses are tingling!
If that truly is the case, you don't upgrade homes unless you expect higher income. $250k might get him from year to year, but if QMC fails, he has to find a new job to support a large waterfront property mortgage.
So if what you say about him trying to sell for a waterfront property is true, then maybe he expects some improvements in his long term cash flows soon. My Spidey senses are tingling!
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