If you’ve read Robert Kiyosaki’s book, “Rich Dad Poor Dad“, this will make a lot of sense to you…
One of the secrets of the rich is that they habitually look for ways to increase good debt and eliminate bad debt. Good debt is used to make an investment that appreciates in value and puts cash in your pocket, while bad debt is used to buy a “doodad” that depreciates.
Your mortgage is an example of good debt because it helped you purchase a house that will rise in value over the long term. Now, why not consider using the equity you’ve built up in your home to create even more value?
For example, refinancing your mortgage to invest in revenue property can provide a variety of unique wealth building advantages. Here are just a few:
Wondering how to buy a revenue property with little or no money down… even with less than perfect credit? Give us a call today at 416-544-5121 for a free home equity assessment. Together, we’ll explore ways to turn your home into a wealth building asset!BACK TO NEWS FEED