To: TheSpottedOwl
Good credit can be a tool to the accumlation of wealth if one knows how to properly employ it. Likewise with debt. When managed cleverly debt can also build wealth. Example; investment properties that service their own debt and are then leveraged to acquire additional investment properties that in turn service their own debt.
11 posted on
07/30/2004 10:34:50 AM PDT by
wtc911
(6 Flags Dancing Guy is Urkel.....wanna bet?)
To: wtc911
Example; investment properties that service their own debt and are then leveraged to acquire additional investment properties that in turn service their own debt.Absolutely! I'd be careful about being a landlord, though. Commercial land/buildings are a better bet.
28 posted on
08/01/2004 3:42:08 PM PDT by
TheSpottedOwl
("In the Kingdom of the Deluded, the Most Outrageous Liar is King".)
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