Originally Posted by directfiesta

Can`t agree more ....

Building ( multiplex ) next door to me was for sale ( 525K ) . I remortgaged 2 other properties to pull out 100K at 2.94 % ( tax deductible ).
The 100K became the cash down on 475K I paid for the new property ( 20% so no insurance premium on mortgage ) .
Income ( rents ) minus expenses ( interest, taxes, maintenance ) will net me about 13K a year . Return on the 100K : 13 % . Cost : 2.94% : profit before taxes : 10.06 %

Notice I do not factor in any increase of value of the property, which here as been about 3% a year ( 14K )

We all have a choice :
Either we work for money .... or the money works for us