Hi-Is it a good idea to tap the equity on your automobile that is fully paid towards a down-payment for buying a property?

@Trevor Haney - I was thinking more about business and automobile insurance, marketing, website, state licensing, the cost of a bank account, tax prep, etc.  

If you've identified a abandoned house, get after it and don't give up until you reach them by plane, train or automobile.5.

In Redlands, I got $525/door/month clear on a 6-plex, so it is possible to make a nice return.I prefer MFUs for the economy of scale and the immunity from feast or famine on a SFR at move-out time. 

After a while you become immune to it.

Like any city - one block may be great and the block right next to it might be drug infected or run down.

If we have to subsidize automobile companies (or any company for that matter) to save jobs, then we really have no jobs, we have welfare.It's like propping up real estate values to preserve "wealth".

You're not immune to economic fluctuations, but you will be cushioned much more than other places.

And, sure, my investment properties cash-flow...I’ve nudged rents to force appreciation...but if there’s an economic downtown I’m not naive enough think I’ll be immune to it.

They first put a lien on the automobile for a fixed period of time but than have the option to sell the care themselves if it is not claimed.