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Updated 12 months ago,
Need some debt words of encouragement
My wife and I are very serious about starting our rei business. We don't currently have a property although we have narrowed down the market and have been looking at a lot just haven't found the right deal. Only thing concerning me is as we scale larger in the years to come the large amount of debt we will incur. I understand tenants will be paying it down but being totally debt free for 2 years now it just concerns me getting into a large amount of debt. Just thinking if we focus on $100k homes and over the next 5 years buying 2 a year we could be at a million in debt. Just needing some different ways of thinking about this to put my mind at ease. Thank!