Additional
Wednesday, April 11
If my credit supports it, here's what I'm thinking of doing. 1. Purchase as many properties as I can with 30%-down mortgages. 2. There will come a point at which my bank will say, "Your credit will not support an additional mortgage," at which time I'll buy the remaining properties in cash. 3. Wa...
They haven't heard of leveraging
Wednesday, April 11
I called two banks today. Neither of them had heard of leveraging. This struck me as odd.
The Plan
Wednesday, April 11
So, here's the plan. 1. Create an LLC. 2. Transfer my two existing properties into the LLC. 3. Grow accustomed to the paperwork, fee schedules, policies, etc. 4. In July, create a second LLC and transfer one of my properties to it. 5. In September, purchase 5-6 properties. Spread them evenly ...
Introduction
Sunday, April 08
My daughter is only seven years old, but I am planning for her future. I intend to invest wisely so that she will not have to worry about the cost of college. My aged parents might also need financial support from time to time. My family has a history of investing in property in the UK. I own t...