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Updated almost 5 years ago,
How to escape the mindset??
So I’ve purchased my first rental, it appraised way above value as is! I used that to get an appraisal line of credit, will use that money to spruce it up then refinance and cash out! Heck of a first deal thank God. My thought is, how do I get out of the mindset where I mind that I have debt. I know I have positive cash flow and that’s good debt but debt is debt. I’m always thinking well what if for some reason one of the homes I have doesn’t rent out, in that case it’s just debt. What do y’all think?