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Reply to "How did you afford your $1M plus home?"
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[quote=Anonymous]OP we make about half your HHI. I am home with kids. DH is very handy with his hands so we started investing in real estate from when we were about 20 years old. We lived in absolutely shitty conditions. We both come from humble backgrounds. We put ourselves through school and graduated without any debts. We kept rolling our real estates until we were able to put down 40% on our current mortgage 3 years ago. We will pay it off in 5 years after some other real estate properties have matured. We have absolutely no debt except the mortgage and our kids. The best thing I ever did was to join forces at 19 with a completely anal about finances handyman (can fix just about anything plus have an accountant degree). Income potential will put us in your bracket in 5-10 years or sooner if he wanted to change course. But from about 19 until about 34 our finances were very rigid. But at the end of the day it doesn't matter how much water you pour in a bucket, if there is a hole in the bottom. [/quote]
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