[quote=sdrealtor]Nicely done and a great example of the power of time and leverage. Over time those rents will rise and cash flow will improve dramatically over time. That ROE should only get better and better[/quote]
Speaking of leverage, it bothers me that Dave Ramsey is so anti-leverage and that I’ve never heard him make an exception for anyone on his programs. Maybe that’s the ‘advanced seminar’ that they charge more for. LOL
I really think he does his listeners a disservice by always telling them to try and buy investment property in cash.
Given I did have two paid off when I bought the third (which was helpful as my wife never had a W-2 income), but if I had not borrowed, I would have stopped at house number 3 or 4 and foregone at least 1M in appreciation in less than 8 years.
I am a little torn about new money today, part of me would like to pay off one more just to have that peace of mind, but by and large I don’t worry or even think about the debt.
But there is also this part of me that would like to get something closer to the coast if only just for fun.
