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From: merrill@raja.DEC
Newsgroups: net.invest
Subject: No Money Down??
Message-ID: <223@decwrl.DEC.COM>
Date: Thu, 2-Jan-86 08:46:14 EST
Article-I.D.: decwrl.223
Posted: Thu Jan  2 08:46:14 1986
Date-Received: Fri, 3-Jan-86 04:42:01 EST
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re: 200 VISA cards at 35$/yr each gonna cost you $7,000/yr!!

Then when you go to the bank, they just may ask if you have any debts - 
as a condition of the loan!!  Even if they don't ask AND don't find out,
they'll always charge a bunch of "points" for an 80% loan - there's another
13,000$!!  You've put out 20,000 to control 200,000 - that is quite a reasonable
margin leverage for the risk of having to meet the payments!

Good luck to all you Type A hotshots that go for this method!!


	Rick (The conservative)