Home equity lines of credit allowed ...
how does a home equity line of credit allow them to own multiple
properties? it is coz of low interest on 2nd mortgages? or no interest?
also, how does it help them make additional monthly incomes?
If one has the disposition to be a landlord, and is willing to take the
risks associated with it, then these loans can be part of the equation.
Buying at the right time (read that as "buying at a price so that the
rent covers all expenses including repairs) and getting good tenants
(read that as those who pay the agreed upon rent, and don't trash the
place) well, then real estate can be quite profitable, as you will enjoy
100% of the appreciation (if even only the historic 3%/yr average) on
only a 20% down payment