Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago on . Most recent reply

User Stats

226
Posts
62
Votes
Sam Booth
62
Votes |
226
Posts

So Dave Ramsey says.....

Sam Booth
Posted

So Dave Ramsey says that when he interviewed 10,000 millioniares close to none used debt or leverage to get there. 

So how many of you out there have used leverage, maybe conservatively, to increase you net worth and cash flow with real estate? Or did you pay cash like Dave?

I feel like its not so bad to have a ton of debt if say you had a good pile of reserves for when you need it. What do you think? 


Additionally are 7% mortgages worth it?

Most Popular Reply

User Stats

3,939
Posts
5,651
Votes
Greg Scott
  • Rental Property Investor
  • SE Michigan
5,651
Votes |
3,939
Posts
Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

Dave must have screened out anyone who had debt before he interviewed them because I don't believe his experience could logically be extrapolated to society at large.

  • Greg Scott
  • Loading replies...