Back in 2000 when the bank vault was broken, u can use yr property as collateral to buy an investment property. The bank will give u a LOC to invest in another property backed by yr property....
Back in those days of the beginning many people are scared of investing with these worries in mind:
What if u lose yr health?
What if u lose yr job?
If u lose yr health, u lose yr job.
If u lose yr job, u lose yr health.
What if there is a reccession, depression, pandemic..... blah blah blah...
Anyone of these happen u lose yr current home. Yr debt are tie to yr current home. U lose yr home.
So if u think u hv more than I property:
Make sure u dont lose yr health.
Wake up to find u hv pain in yr body, start to worry yr bedroom is in crisis...
Make sure u dont lose yr job.
How many has lose their jobs in this CV19?
How many tenant has lose their jobs?
How mant uni students has stop uni?
Empty vacant tenant u hv to foot the loan bill... panic? Go back to where u started.... the risk in property is real, not for the fa
So u think u are holding 2 or more properties .... prepare for the worst to come....
Now it is even worst to lose yr investment value which is in the $1M mark. A drop in 40% value is $400,000 debt.