Using leverage properly when you are investing in real estate is the key to economic success. Recently I wrote two different blog posts revolving around a duplex in Olathe that I know was purchased in 1997 for $106,000.
The two posts that were written show exactly how the leverage could have been used and the drastically two different results each produced. I would really urge you, the Kansas City area real estate investor, to take a few minute and read through each of the posts.
Real Life Olathe Investment Property Story: Part I
Real Life Olathe Investment Property Story: Part II
Now what I want you to realize is that any investing is good for your retirement. And owning a rental property that you buy and hold forever is better than not owning any income property at all. But you really need to examine the two posts to see what the possibilities hold.
And I'd love you to come back and let me know your thoughts.
Chris Lengquist
Keller Williams Realty
Olathe, Kansas
913.568.1579
listwithchris@kw.com
www.BBQCapital.com
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Chris, I've been away from AR for a couple days. Actually, I'm sicker than a dog.
You and I are definitely on the same page here with the use of OPM to amass wealth. And it doesn't matter one bit that it is the banks money.
Bill Roberts