Quote:
Originally Posted by Ross
I try to put away at least 35% every month. This year has been a great year, invested in another property, got solid renters in it, paid 50% of the property cash and I am debt free apart from my own mortgage. I had a lot of student debt hanging over me from 7 years ago, finally killed it all last month. Hoping to push that up to 50% now that I've paid of some other small monthly amounts too. I really have a low cost life.
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Since you can borrow money at historical lows.. for NOTHING.. wouldn't you be better off borrowing out of your investment properties in order to buy more? Not so much that your current properties wouldn't cashflow, and comfortably, allowing for vacancy and upkeep... but if it's doable, do it ... you end up with more .. alot more .. every time you end up with too much equity, you pull it out.. borrowing is tax free or at least deferred
How much of my income do I save.. ?
Whatever's left over to put in my belly.. LoL over here.. hell