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Updated over 9 years ago on . Most recent reply

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54
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Matt Ransom
  • Cordova, TN
12
Votes |
54
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Debt Free REI

Matt Ransom
  • Cordova, TN
Posted

Good Afternoon Bigger Pockets community,

Size does not matter- but I am not opposed to having bigger pockets myself.

I have a burning question that may have already been addressed in prior forums (if so, just direct me). But a while ago, I heard Dave Ramsey say that he "loves real estate but he wont go into debt for it". Is he talking about REI? If so, how in the world do you do this? It seems like it would take forever to get anything accomplished. Thank you for your thoughts or, at least, directing me to the correct forum posts that address this.

Glad to be here,

Matt

Most Popular Reply

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6,201
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4,343
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

I don't like debt either, but I also want to grow, so I take a balanced approach. I have several properties I own free and clear, and some properties that are leveraged. So I get the best of both worlds. It doesn't have to be just one way or the other.

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