Quote:
|
People that have huge debts can't [sit on their investments in peace]
|
Well, that's a completely general, and extremely incorrect statement. People that are scared of debt and get into huge debt can never handle it. People that get into far more debt than they can handle can never pull the investment off.
People that realize what the issues are, and what they can afford to borrow more often than not are successful. They don't take risks they shouldn't take.
Quote:
|
Talking about investing it and earning that kinds of returns is one thing, actually doing it is a whole other thing.
|
Well, I've done it, and I can tell you, I love it. I own one place right now that I haven't even taken possession of yet, and it's worth 10K more than when I bought it. Pretend, though, that the market crashes, houses are worth half of what they are now, I can't find a renter, and interest rates go up to 8%. I can still hold onto this property for 5 years, because I did the math, I did the research and I bought the correct property. And I don't have to worry about it for at least 6 months, because I had a renter lined up before I even bought the place. Oh, and none of it is coming from my own personal finances. So yeah, it's one thing to talk about it, and another thing to actually do it, but I've done it.
I'm not saying all this just to go "Oh, look at me, I'm so great, bow down to mr. rich pants!". I just can't stand the negative people that get in so many people's way, just because they themselves are scared of risk. I can guarantee you that I've done more research on investing in this sector than you. Yet you feel that you can tell people unequivocally that it won't work. It just doesn't jive.
"That's a fact". Actually, it's about as far from fact as you can get.