Officially closing on my house on the 30th this month right now, got favorable terms with the seller. They are compensating me for the oil tank problem, on the 30th I have begun my journey, learning curve to maximize the power of leverage.
I’am borrowing 180k from the bank.
Question? Who do you think will make more money faster, someone who is trying to save 180k to invest, or someone like me who borrows it right now and invests it.Â The person who knows how to use debt leverage to his or her advantage has a signifanct advantage of someone who does now know how to harness the power of leverage.Â It’d take someone AWHILE to save 180k, while by that time I’ll be done, financially indepedent.
Got a buddy who is going to help me develop my engine sites for me, +1 leverage.
I also joined the Nprthwest Real Estate Invesment Club, this is my new education, learning how to invest into real estate.Â I goto theses things with like 40-200 people, who network, talk buisness teach real estate investing, and learn abunch, teleconference calls.
I’m the youngest one in there by what I can tell, by at least 11+ years, and I have asked around.Â They say, “Looks like you just got out of high-school.” Gota love it!
My buddy BidProdigy online is killing me though he is now making 35,000$/month, my gosh.