[Nicholasp27]

bluff,

debt is NOT necessarily a bad thing
what is bad is revolving debt like credit cards
good debt is interest-deductible debt like a mortgage


if u had 500k in the bank to buy a 500k house, it's better to mortgage the house and invest the 500k than to just pay cash for the house

also, u get lots of leverage with mortgage debt; say u buy a rental property and rent it out for ur monthly expenses (note+tax+insurance+maintenance+etc)....u got it for 10% down, say...then u rent it out for a few years until it has gone up 20% in value...u made much more than 20% return...u got a 100% return on ur investment

AND, if u put that profit back into more real estate within 90 days, then it's not taxed...so it's 100% tax-free roi