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Or they're incredibly highly leveraged. They bought one home, fixed it up, rented it out, worked up to 20% equity and then immediately went out and got another
by guyzero 3y ago
Or they're incredibly highly leveraged. They bought one home, fixed it up, rented it out, worked up to 20% equity and then immediately went out and got another mortgage and then another, etc. Many of them are one mistake or rate change away from the collapse of their "empire".
- hammyhavoc 3y agoSaw that happen to the parents of a friend. Resulted in divorce, and a decade down the line, their lives are still fucked.