How To Become A Millionaire In 10 Years (or less)

February 8, 2003, 09:22 AM

Terry (Houston)

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One other thing I forgot

I am not using my own credit to buy these houses. I only buy when the people are facing foreclosure or relocation or something along those lines.

I use THEIR Credit and Existing Loans. I just step in and take over. Now, with todays interest rates it does make sense to lower the existing rates by refinancing, but I am not usually in a house that long to make it worth while.

So my option of paying just interest is not usually an option :-)

Terry

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