Unlock Your Real Estate Future: Which Stage Are You Truly Playing At Right Now?
Dave:
Just talking about leverage, and I’m curious if you think that having put down a lot more money in that those first three deals helped you get through the 2008 situation because some people who are putting down three 5% during that time didn’t make it through the other side.
Tony:
Sure. So on top of owning the rental properties, I’ve always had a stable job. So I own the landscape and business that started in high school and has grown to where it is today with eight employees, 200 plus accounts. And so managing and bringing that income in has allowed real estate to kind of grow on its own. So there was always a backup financial plan if needed. So there wasn’t much of a fear of losing those properties or not being able to pay the mortgage there. I think even with small down payments, it would’ve been, okay,
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