When your loaded, anything is possible..except maybe your health. One of my customers owns 40 resi properties and 10 commercial properties in So. Cal. Lives on the hill and drives a Bentley. Tells me anyone can do it: buy a property any way you can, and rent it out for more than the mortgage and taxes are on it. Use the property to leverage another loan and just keep going. Simple, eh? Hire a property management firm, share a little of your profit with them to run the show and just sit back and count the rent checks coming in. He made it sound so easy.
