Quote (LooseyGoosey11 @ Jul 8 2014 10:30pm)
since i dont know where you live, that doesnt mean much...
Belgium.
Here, if you buy a house, you have to put 10% of the value cash in yourself. otherwise there is no way you get a loan.
so basically if you want to buy a 500.000 euro house, you have to put 50.000 in cash yourself to get a loan.
i can do that

means : i can pay 50.000. buy the house, put it for rent and let it pay off itself.