Quote:
Originally Posted by Vince M.
The thing is the last 15 years wont be the last go around of the perpetual pump and dump. I plan to buy up as much as possible cash this next go around and sleep well while it matures vs sweating with a monthly nut.
|
Just because you use debt doesn't mean you are overleveraged. I also enjoy the 2-5x leveraged returns that debt provides vs. paying cash. I'm waiting with cash as well since current rates make it harder to justify financing. I just have a lot more since I didn't pay cash for fewer properties.
We aren't going to see 3% and lower interest rates for awhile....it was the best opportunity of my lifetime to kill it with proper debt.
Don't get me wrong, I can see the advantages to being debt free, and I could have been there in my early 30's if I wanted to. I just think there are more advantages to using debt properly if you are wanting to maximize returns and net worth.