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Jul 24, 2019
12:13:15am
CougaRR4L Contributor
This this this. All those who argue against rentals often assume
the income from the rentals are somehow not being reinvested in other properties that add to the process and grow wealth. I'm closely associated with 4 people who have each spent less than $50,000 on properties 7 or 8 years ago, have not invested anything more than the rental income or an occasional short-term loan to themselves and now own 10-20 properties leveraged but generating $300+ each month after mortgage and costs. A $50000 investment or less has become $3000-6000 a month less than a decade later and that does not include the appreciation on each property.

One of the truest things that Robert Kiyosaki ever wrote is that everyone seems to have opinions and advice about legitimate investments you should not make but few have experience and trusting experience is the only relevant advice worth taking. As I have got into real estate I have been cautioned over and over by many friends and family who have never done it. All they see is the risk when I'm experiencing the benefits.
CougaRR4L
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CougaRR4L
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Aug 23, 2014
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Mar 28, 2024
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7/23/19 9:59pm

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