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OPM

Have you heard of OPM? That is the key to wealth. Other People's Money. Why use yours when you can use others? When you buy a home with an FHA loan you are using OPM. You put down 3.5% and the lender puts down 96.5%. If the value of the property goes up you are making a giant return. For example if the home is $200,000 and you put down $7000 and the property increases to $207,000 after nine months you just made $7000 on your $7000, or double your initial investment. Can you do that in the stock market? Use a Realtor buy right and use other people's money.

Posted Tuesday Apr 06