Has anyone used leveraging to make a $1 Million dollar stache?
One method i could see being used is putting down $40,000 on a $200,000 split in the middle duplex, kind of like two condos seperate by a soundproof wall in the vertical middle. Then renting out both sides for $1,200. Say estimated total expenses with mortgage, principal, taxes total up to $900/month.
With good tenants and little to no repairs, you could make $1,500 per month.
$1,500/month for 3 years - another $40,000 downpayment to repeat this method.
If you repeat this method every 3 years, your income may become:
1 house: $1,500/month: 3 years to acquire.
2 houses: $3,000/month: 3 years invested to acquire.
3 Houses: $4,500/month: 6 years invested to acquire.
4 Houses: $6,000/month: 9 years invested to acquire....then Retire, or keep going to you rent out the entire village (houses and businesses) and single handily control the economics of the village?
Can the same thing be done with small businesses? (but with a money multiplier of about 100)