appropriate finance

I have just finished reading 0-130 in 3.5years – staggerring!
Although ideas aare varied dispite being
different to others who value “postive cash flow”

there is a vast difference between the”eleven second solution”and multiple rent by 1000 for purchase price each offerring”positive cahs flow

In one section Steve mentions do not use debt to pay debt ie credit card on credit card

We are in the process of using the equity in our home (c$200,00 depending valuation) to start purchasing investment properties.

The arrangement is that we set up 2 accounts – one for the investment morgage and one as a perpetual loan

1.All income from the investment property goes into our home morgage plus or minus our regular payments.
2.All expenses for the investment property comes out of the perpetua loan which only the interest is paid from the home morgage account
3. once the home morgage is paid then all payments go into this or other investment properties.

is this the credit to pay credit Steve was warning about or just changing bad credit for good credit

I would be interested in your thoughts

Regards

Elizabeth

Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1;
FunWebProducts)