Debt & Equity

[Joe Baker]

Is it better to own a few houses free and clear if you have say 10 houses or should you spread that debt (and equity) over the 10 properties?? What do lenders look for??

[Joe Villeneuve]

Take it a step further.  If you refi the 80% of the $80k properties, and buy/rehab and flip, you get a new 20% for a DP....but you also get your original 20% of the $80k back...to repeat this process over and over again.

Use your cash, never ever spend it, and you can use the same money over and over again.  Spend it, and it has a shelf life of only 1 use...much like 100% equity