Saturday, May 5, 2007
My Dream House
A picture of my dream house is affixed to my goals binder. Address is 3456 Baker Street 4 bedrooms, 3.5 baths with an incredible view of the Palace of Fine Arts. $3.95M. How do I get there financially? With a 25% downpayment, I will need $15,000 per month to cover the nut. $2,500,000 of a fuly paid off investment property at a 7 cap rate. Possible, absolutely. My how - buy a house rental every year for the next 10 years and I will far surpass that goal. Wanna crunch some numbers?