May 03

Using Assets to Buy Your Liabilities

On my birthday 2 years ago, I bought a vacant 3 unit off our favorite wholesaler Brandon Althof. I put $10k into the 1st floor 2 units and the 6 garages out back. 1st floor front is leased for $500, and 1st floor rear is leased for $600.  Apartment 3 upstairs was a heavy lift at right around $20k, now leases for $650 per month.
The home run of this deal are the 6 garages out back which are leased for $50 a month.  Using these 6 garages bringing in $300 a month allowed me to use the banks money and fund this brand new $200 a month Polaris Ranger  😎
Use your assets to pay for lifestyle liabilities.

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