My adage is aimed at the typical American who is using debt to maintain a lifestyle that they couldn’t afford otherwise. It obviously doesn’t apply to a savvy businessman such as yourself.
Leverage is a wonderful thing when used appropriately.
I used leverage in San Diego real estate to multiply my net worth significantly over the last 8 years.
But, as powayseller points out, now is not the time to use leverage in San Diego real estate.
Will I use debt to buy San Diego real estate again?
Absolutely!!!
When multi-unit properties are selling for 8-10 times rents I will be buying hand-over-fist and using as much leverage as possible.
