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Updated about 2 years ago on . Most recent reply

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Sam Booth
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So Dave Ramsey says.....

Sam Booth
Posted

So Dave Ramsey says that when he interviewed 10,000 millioniares close to none used debt or leverage to get there. 

So how many of you out there have used leverage, maybe conservatively, to increase you net worth and cash flow with real estate? Or did you pay cash like Dave?

I feel like its not so bad to have a ton of debt if say you had a good pile of reserves for when you need it. What do you think? 


Additionally are 7% mortgages worth it?

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Greg Scott
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • Rental Property Investor
  • SE Michigan
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Greg Scott
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • Rental Property Investor
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Replied

Dave must have screened out anyone who had debt before he interviewed them because I don't believe his experience could logically be extrapolated to society at large.

  • Greg Scott
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