Originally Posted by Quinn
So far as US properties are concerned right now, I own a pre-war co-op in NYC – which I just put on the market the other day – and some houses down in Georgia (I've sold most of my other domestic holdings over the last year or so). In fact, I closed on another house yesterday, which is why I'm in Georgia right now, instead of NYC.
I usually keep my primary residence paid off and maintain varying mortgages on my investment/vacation properties. I also own some small apt. buildings, etc. that are held in title by a real estate investment company that I run/own with my partners. Any mortgages tied to those buildings are in the name of the investment co., which offers numerous advantages.
-Quinn