Yeah that is true, but you and I both know that only a handful of people who get the IO products are disciplined enough to make more than the min. interest payments.

be disciplined, keep it nice, and keep to your plan - then do whatever, refi, sell, etc.

Possibly apply for a credit card and use it a few times every month, just have discipline and do not go charge happy.

It will take a lot of focus and diligence from you, and most of the time, a 20 something year old isn't ready for the work and discipline it will take.

If you are going to be a successful businessman then you need two things among others:1) the ability to plan out how you are going to conduct your business2) the financial discipline to manage and grow your assets while limiting your liabilities.In this particular business (real estate investing) our two biggest assets are our credit and our cash on hand (followed very closely by our own personal education/knowledge).

Its a great read for learning the basics of financial management.There are ways to make money in real estate with little or no starting capital - wholesaling, birdogging, lease options, owner carries, and contract for deeds - but understand that unless you learn to be diligent and disciplined with what you have now, then when you do get more you will just be broke at a higher level.

If you have the discipline and stomach for it, I would [and am] get as many loans as possible [good debt].

Martin describes, but we had the hardest time keeping Soldiers from destroying them in the military and those are supposed to be disciplined people that are under as much "control" as people will ever be.

Your financial discipline in being essentially debt free is very admirable and speaks volumes.

I think it's all about discipline.