WHEN JOCK SMITH, president of The Cochran Firm, bought a luxury home in the gated community of Audubon Estates in southwest Atlanta last December, he opted to pay cash instead of seek financing.
“It’s unusual to do it that way,” he acknowledges, explaining that he prefers to have low or no debt and high equity. “I have equity in all my properties around the country, and that’s a biggie for me,” Smith says. “It makes all your properties liquid.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
