I am a Millionaire
#31
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: I am a Millionaire
Originally Posted by BritGuyTN
Interest-only loans for investment purposes are great in many cases, its not the banks fault if you don;t understand the terms and structure a plan around the payment terms.
forget amount amortization, just re-fi into another interest only.
forget amount amortization, just re-fi into another interest only.
Originally Posted by BritGuyTN
My goal is to eventually own 15 investment duplexes and have them fully paid off
in my area this would give me a net income after property taxes/income taxes/hazard insurance/repairs/vacancies of about $150k per year which is when i would be very happy about terminating my corporate job
Last edited by Giantaxe; Mar 13th 2006 at 12:34 am.