Everyone in real estate has debt. Are you proposing he
Posted on: September 29, 2020 at 11:18:18 CT
TigerFan92 STL
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sells all his properties so he can have his $billion net worth just sitting in a bank account?
You make money by borrowing money and paying it back in real estate while your holding grown and interest is paid by others.
I have several $million in equity and more than double that in loans.. so? You can't wait to have cash to pay for properties if you want to be in that business
All business work this way. Do you think CitiBank is going to control him? LOL