Borrow your cash, take your chances
Dawn and Murray Franklin of Hamilton, Ont., are pretty good at buying properties. Over the past 10 years they have bought three houses and a fourplex. A fourth house will be added in April. But the Franklins are not flipping properties or moving up. They are living in one and deriving rental income from the others.
Another thing they have been good at is piling on the debt. By this spring, they will be carrying about $600,000 in mortgages plus a line of credit. Ms. Franklin says the leveraging is manageable. They have run the doomsday scenarios numerous times and feel they can handle adversity.
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