Borrowing money for store bought boobs? That made me laugh out loud, thanks @MissMazuma!
Mine was not nearly as titillating (sorry for the Dad joke, couldn’t resist!).
A line of credit to purchase my first investment property… located on the other side of the world from where I was living at the time.
I’d flown home for a hit-and-run family visit, and by the third day I was ready to flee.
The local paper had a story about the local government giving the go ahead to a proposed new shopping mall nearby. I escaped the family for a drive, and discovered a new housing development that had just reached lockup stage located 800m from where the shopping mall was to be.
I made a cheeky offer, and three weeks later was a property owner!
- It turns out there are no limits on what I will do to escape family gatherings!
- Properties can be great investments
- Flexible lines of credit are awesome (if potentially expensive)
- Organising a mortgage in one country, while living and working in another, is not a route to serenity or inner peace.
I wrote a post about it once.