The Negative Side of Debt

Short term debt was used on a long term asset. If you're only going to own it for two or three years, even if the interest rate goes up, you're still better off with short term debt. Long term debt means you can put it away and forget about it. That's why I haven't had to see that place for 25 years. Real estate is a long term gain. There are now, of course, there are people that are flippers. And that's more of a business than real estate investing. So I prefer long term debt.