View Single Post
Old 09-26-2004, 08:15 PM  
brizzad
holla
 
Join Date: Jul 2003
Location: KFC
Posts: 11,769
Quote:
Originally posted by egonetworks
If you're smart - you put 30k down on a rental property, you then split the house into a duplex or triplex depending on it's size - you put some of your own muscle into this, and the other 20k doing odds and ends of making the place decent - then you can rent it out for much more than your mortgage. You then make more than the minimum payment, then your mortgage isn't 20 years.

Lather, rinse, repeat.


edit: it wouldve been funnier if my carlton sheets image wasnt hotlink protected
brizzad is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote