How in the World can you have a Wealthy Cash Poor Retirement? * I want no money in my bank or retirement accounts. I want all money out working.
Just made a loan this morning for $25k that will come back in 30 days looking like $27,500.
I just had $15,000 out, 30 days later $16,500 came back.
Another deal, loans out on 2 property flips in Puerto Rico. One is under contract to pay us off and the other is under re-construction.
Also another loan out on a rehab property that will payoff in April.
I really just started making these types of loans in the last 4 months. It seems easy enough to make a substantial passive income.
When I get equity build up on one of my rental properties, I take out equity loans or cash out refinances. Equity is dead money. As long as I can find deals like the ones above, I'll just keep rolling in and out until a Killer deal comes along. I believe the deal of a lifetime comes along about every 4 months.
Which would you want, a paid off house or cash out on the street?
* other than emergency funds