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Old 06-11-2006, 06:49 AM  
edgeprod
Permanently Gone
 
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Join Date: Mar 2004
Posts: 10,019
Quote:
Originally Posted by Bobert
Next option, put 35% down on a large apartment building! You'll get up to 1 million in value so that's 100k/year and assume 50% of that will be for expenses/year. So you'll be left with 50k to service your dept. Just hire a good property manager who will find a good landlord. You shouldn't have to do anything, just sit back and pay off the million dollars with the tenants money. In 20 years you should have it paid off and make 50-100/year as a retirement fund.
That idea, I like.

Thanks for taking the time on 3 great responses.

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