Similar but mine was a single. Pulled up carpet & painted myself. 9 years in, pulled a HELOC for $54k. Used that to buy a prop in South Philly that’s worth over 5 times that now. Pulled a loan from that South Philly house to buy another in SP that’s now worth 5x. Pulled ano... https://twitter.com/soundresinv/status/1328095972073693185
Wash, rinse and repeat. Oh and HELOC means home equity line of credit.
Also, while I’m not opposed to debt, I’m conservative with it. I could have leveraged more but wasn’t comfortable. Instead of spending the extra cash flow, or borrowing high LTV’s to scale bigger, I used rents to bang down those mortgages. Snowball method—smallest first.
You can follow @AyeshaSelden.
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