How do people buy dozens of properties yet still have the same job and wage?
I realize of course partly in using equity as the springboard and repeating but. Doesn't the fact that they are still on the same wage as they were when they bought their first one say 2 or 3 yrs earlier and now might be up to no 6-7-12 whatever and depending on rents alone to service all those loans, block buying more and more ?
And should you and can you keep maxing out your borrowing capacity ?
Cheers
I realize of course partly in using equity as the springboard and repeating but. Doesn't the fact that they are still on the same wage as they were when they bought their first one say 2 or 3 yrs earlier and now might be up to no 6-7-12 whatever and depending on rents alone to service all those loans, block buying more and more ?
And should you and can you keep maxing out your borrowing capacity ?
Cheers