All Forum Posts by: Sean Moore

The goal is 40 doors as I am in a LLC with my brother so everything is 50/50. At that point I can quit my 40 hour job and focus on this 100%. My business plan has been focused more on the passive income of rentals vise flips. I am 42 now and would like to hit this before 47 or so.

Alright bigger pockets folks I am struggling with a topic that is talked about a lot concerning debt.  Disclaimer I am a product of Dave Ramsey. So I am 100% debt free personally, within my rental business I own 13 doors with only 82k left to pay off and all those are paid for.  When that happens I can then slowly get we the cash flow to purchase everything cash money.  Issue is as everyone knows is that is the slower process but no debt thus less risk etc...     or I certainly have enough equity in my 13 properties to leverage and move a lot faster but the down side is yes the tenant makes the payment but that is also lost revenue in the form of interest payments on these loans.  Grrrrr been ready a lot of books (Rich dad poor dad, etc) and listening to this podcast and still really torn on this topic.  So want to put this out there and see what response and opinions based on others experiences I would get.   

Thanks for the feedback