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From: Mike .
Should I sell my house/rent & buy rental properties
From: Darren
Date: 6/14/00
Time: 9:40:37 PM
While I'm not a member of the Investors club, I still get their monthly newsletter, which has some good info. In this months edition, the club president Kevin Young, says he rents his residence and owns heaps of rental properties. I'm thinking of doing it myself and just wanted the opinions of other seasoned property investors.
My current residence is worth around $250,000 with roughly $75,000 equity and I pay $1,470 per month ($250 extra). Should I sell and buy/leverage 3 to 4 investment properties or even a block of flats/units. I could rent a house, similar to what I'm living in for $820.00 per month. Is this a good strategy?
I've been reading Robert Kiyosaki's books and he says your house is not an asset, but a liability. I agree with this and feel I'm better of selling and getting other people to pay for my investments. Anyone else feel the same.
Regards, Darren
Should I sell my house/rent & buy rental properties
From: Darren
Date: 6/14/00
Time: 9:40:37 PM
While I'm not a member of the Investors club, I still get their monthly newsletter, which has some good info. In this months edition, the club president Kevin Young, says he rents his residence and owns heaps of rental properties. I'm thinking of doing it myself and just wanted the opinions of other seasoned property investors.
My current residence is worth around $250,000 with roughly $75,000 equity and I pay $1,470 per month ($250 extra). Should I sell and buy/leverage 3 to 4 investment properties or even a block of flats/units. I could rent a house, similar to what I'm living in for $820.00 per month. Is this a good strategy?
I've been reading Robert Kiyosaki's books and he says your house is not an asset, but a liability. I agree with this and feel I'm better of selling and getting other people to pay for my investments. Anyone else feel the same.
Regards, Darren
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