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Updated over 7 years ago,

User Stats

2
Posts
1
Votes
Ayman Attia
  • Investor
  • san antonio, tx
1
Votes |
2
Posts

I made my tenants pay my child support

Ayman Attia
  • Investor
  • san antonio, tx
Posted

From my mentor: 

In 2002 I did my first ever refinance on a cluster of 17 rental units I owned in TN.  Interest rates were LOW.  So I got into a longer term, lower interest rate mortgage and got cash out of the deal too.  I had been holding these properties about 8 years and had substantial equity accrued.  

I haggled with my ex-wife for a lump sum payoff of child support 5 years in advance but I got the kiddos tax credit for the next 5 years as well as personal exemption.  Bought a 2002 Toyota 4Runner, paid off my 2000 Honda Accord note all while producing $500 more in positive cash flow per month.  Soooo my cash flow ratios got stronger.

That is how a "thug" rolls.....  

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