$O.OO I don't fuck around with debt...I own my shit.
Texas:
1. Started with small property 3BD/2BTH/2Garage (15 year mortgage)
2. Bought well below what I could afford
3. Bought 3 lots in upcoming community and held for three years.
4. Sold two lots year three and paid for house in full.
5. Leveraged value of lot three bought 10 acres in another upcoming community.
6. Sub divided, sold some lots to well known builders, that paid for land and infrastructure cost. (kept 1/2 acre lot for me)
7. Built (hired my own team to build at cost) three homes and used profits to build my new home.
8. New Home, no mortgage, always buying and building new properties.
NOTE: Never tie debt to the home you are living in once you've paid for it in full. That's your safety net and NOT an investment. Put all personal properties, including home, in a "Trust" so that you can not lose as part of a lien or suit. Get real legal advise to set this up properly.
This is in part how I did it. There is always a better way and that's why we share on this board. Some of these ideas actually came from Brothas on this board who do this for a living.
Stay free my Brothas, stay free.
