What Dave Ramsey (Debt Free Guru) won't tell you.

By
Real Estate Agent with RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident BRE# 01215778
https://activerain.com/droplet/5lVv

The quickest and safest way to become a millionaire is through home ownership. The secret to becoming a multi-millionaire is by getting into debt. The reason is simple. It is called leverage. We can buy a primary residence of $500,000 with a $15,000 down payment. Real Estate in California traditionally appreciates around 6% to 7% per year. This is a great return on your investment. However, that is not the benefit. Consider that you have only invested the original 3% your return over ten years may rise to well over $250,000. This is a return of about 17 times the original down payment investment.

How do your investment into millions of dollars?

1- Buy a primary residence home
2- Rent it out after a period of time and use the rental income for a new loan.
3- Buy a primary residence.
4- Rent it out after a period of time and use the income from both properties to qualify for a new primary residence
5- Buy another property... Continue the process and you can achieve financial success and financial freedom in a relatively short time.

Give us a call to get started.


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Please let us know if you are looking to sell or buy a home in the Santa Clarita Valley or South Orange County. Summit Real Estate Group has offices in Valencia, California and Aliso Viejo California.

Presented by Tony & Dani Lewis Summit Real Estate Group DRE # 01215778 Santa Clarita & L A County

Call/Text - 661-510-7975

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Call 949-305-0121

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Rainmaker
5,174,175
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Tony Lewis that's a good game plan....one needs to be disciplined to accomplish it...

Jan 13, 2020 01:27 AM #1
Rainmaker
3,471,112
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Tony - the name Dave Ramsey might get some extra eyes for your post and your thinking is obviously different from his.  It's good to have additional thoughts that go into a plan to find out what will work best for you and your goals.  

Jan 13, 2020 04:00 AM #2
Rainmaker
3,412,989
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Tony. Not for the faint of heart. Watched many with a similar plan lose it all in 2007-2008. The strong made it through! Enjoy your day!

Jan 13, 2020 04:31 AM #3
Ambassador
1,669,237
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

This is where I also disagree with Dave Ramsey. Over the years we have bought two second homes in Florida. The first became a rental when we bought the second. The second is about to become a rental now that we are buying a third. As long as you stay there 2 weeks out of the year you can also do short term rentals and you get a better interest rate as a second home. Just make sure you follow the rules and not misrepresent the purpose.

Jan 16, 2020 09:22 AM #4
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Tony Lewis

Summit Real Estate Santa Clarita & OC Laguna Nigel
Home values are rising, want to know the value of your home?
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