Updated about 14 years ago on . Most recent reply
Tale of 2 Brothers
A buddy of mine showed me this article, so I figured I'd pass it along. I'd be interested in hearing your thoughts as well.
http://efsoptions.com/documents/ATaleOfTwoBrothers2.pdf
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Brother A pays down mortgage.
Brother B pays as little as possible, takes savings in 2005 and leverages real estate.
In 2011 brother A refi's, pulls out a little cash, buys some cheap properties and gets a 3% 15 yr mortgage and plans to retire early.
Brother B had a credit line on his home and bought stock before the crash. Loses big in the market, loses his rental properties, loses his job and his home. Brother B wants to borrow from Brother to buy cheap property.