Thread: Life Anyone have any experience or ideas to fix my own credit?
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Old 12-10-2010, 08:54 AM   #10
Bugeater Bugeater is offline
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Join Date: Sep 2005
Location: Renovated Bugeater Estate
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Quote:
Originally Posted by mesmith31 View Post
There is good debt and bad debt. If you are going to take on new debt...find a way to get someone else to pay the debt. Debts to acquire assets (things that appreciate and value and/or cash flow) = good debt, when other people pay the debt service. Try saving up to buy a 30 unit apartment complex for cash.
I could be wrong, but I highly doubt the thread starter is looking to buy a 30 unit apt building.
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