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Buy a house 40 years ago, pay your mortgage like a good workerbee Finish paying mortgage, use the equity to buy a house 20 years ago and rent it out. Rent inco
by iso1631 5y ago
Buy a house 40 years ago, pay your mortgage like a good workerbee
Finish paying mortgage, use the equity to buy a house 20 years ago and rent it out. Rent income > mortgage interest (and capital too)
House price increases, use equity to buy a few more houses.
Fast forward to today, you have 3 million in equity and 10k/month coming in after costs.