Books

  • Jeff Michael: Repair Your Credit and Knock Out Your Debt

    Jeff Michael: Repair Your Credit and Knock Out Your Debt
    I highly recommend this book because I wrote it.

  • Edie Milligan: Tips from the Top: Targeted Advice from America's Top Money Minds

    Edie Milligan: Tips from the Top: Targeted Advice from America's Top Money Minds
    I have about a dozen entries in this book.


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Comments

I agree that IO would be a bad idea for most people, but if you know how to make money with money, and can make well in excess of the rate you're paying, then it's no prob.

I'm in an IO, 100% finance deal on my loft at about 5.3%. Instead of buying substantial equity with the substantial profits from the sale of my house (SF Bay Area), I'm using those to buy distressed properties at discounts and reselling them.

The profits are well in excess of 100% per year, so the 5.3% cost is the equivalent of a rounding error.

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