Comments on: Applying the 20% Rule – Part I ( Your House) http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/ How to make 7 million in 7 years ... Sat, 11 Feb 2012 22:32:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Inspiration at the pump …- 7million7years http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-4151 Inspiration at the pump …- 7million7years Mon, 21 Dec 2009 10:17:07 +0000 http://7million7years.wordpress.com/?p=126#comment-4151 [...] happily keep 95% of my net worth in real-estate (incl. no more than 20% in my own home; remember The 20% Rule?) … and, I am NOT talking about REITs here, I’m talking buy/hold income-producing [...] [...] happily keep 95% of my net worth in real-estate (incl. no more than 20% in my own home; remember The 20% Rule?) … and, I am NOT talking about REITs here, I’m talking buy/hold income-producing [...]

]]> By: real rich, real simple « How to Make 7 Million in 7 Years™ http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-743 real rich, real simple « How to Make 7 Million in 7 Years™ Thu, 30 Apr 2009 08:51:08 +0000 http://7million7years.wordpress.com/?p=126#comment-743 [...] laid out in the Cash Cascade, but keep your mortgage (lock in to current low rates) subject to the 20% Rule and the 25% Income Rule and seriously think about keeping your other cheap debt [...] [...] laid out in the Cash Cascade, but keep your mortgage (lock in to current low rates) subject to the 20% Rule and the 25% Income Rule and seriously think about keeping your other cheap debt [...]

]]> By: Adrian http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-745 Adrian Tue, 28 Apr 2009 04:59:09 +0000 http://7million7years.wordpress.com/?p=126#comment-745 @ DMV - The 20% is not necessarily your down-payment: it's the maximum % of your entire Net Worth that you should have tied up in your own home at any point in time. You do this 'test' EVERY YEAR. BTW: the concept of using OPM to get rich doesn NOT apply to your own home, but to investments that produce INCOME as well as (you hope!) future capital appreciation. @ DMV – The 20% is not necessarily your down-payment: it’s the maximum % of your entire Net Worth that you should have tied up in your own home at any point in time. You do this ‘test’ EVERY YEAR.

BTW: the concept of using OPM to get rich doesn NOT apply to your own home, but to investments that produce INCOME as well as (you hope!) future capital appreciation.

]]> By: DMV http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-744 DMV Tue, 28 Apr 2009 03:55:05 +0000 http://7million7years.wordpress.com/?p=126#comment-744 I agree with Liz. I'm not ure about you, but here in Coastal California that 20% number is a VERY large sum of money. Get creative with your mortgage . . . OPM, that is the true way to financial freedom. I agree with Liz. I’m not ure about you, but here in Coastal California that 20% number is a VERY large sum of money. Get creative with your mortgage . . . OPM, that is the true way to financial freedom.

]]> By: liz http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-748 liz Sat, 28 Feb 2009 15:13:26 +0000 http://7million7years.wordpress.com/?p=126#comment-748 As a first time homebuyer, why would you lock a 20% downpayment (probably a good portion of your savings) in a home? Why not put the minimum down and get a non-30yr-fixed mortgage since you'll most likely want to upgrade in less than 10 years? As a first time homebuyer, why would you lock a 20% downpayment (probably a good portion of your savings) in a home? Why not put the minimum down and get a non-30yr-fixed mortgage since you’ll most likely want to upgrade in less than 10 years?

]]> By: Where do all these rules come from? « How to Make 7 Million in 7 Years™ http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-747 Where do all these rules come from? « How to Make 7 Million in 7 Years™ Mon, 23 Feb 2009 10:14:26 +0000 http://7million7years.wordpress.com/?p=126#comment-747 [...] http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/ [...] [...] http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/ [...]

]]> By: How much house can you afford? « How to Make 7 Million in 7 Years™ http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-746 How much house can you afford? « How to Make 7 Million in 7 Years™ Sun, 22 Feb 2009 09:12:12 +0000 http://7million7years.wordpress.com/?p=126#comment-746 [...] in your first home, in my opinion, you have “entered the race” and that’s when my 20% Equity Rule and 5% ‘other junk’ Rule kick in to help you ‘win’ the race to your Number [...] [...] in your first home, in my opinion, you have “entered the race” and that’s when my 20% Equity Rule and 5% ‘other junk’ Rule kick in to help you ‘win’ the race to your Number [...]

]]> By: Housing Situation « http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-741 Housing Situation « Mon, 26 Jan 2009 09:35:20 +0000 http://7million7years.wordpress.com/?p=126#comment-741 [...] Now let’s look at the details for the 20% rule: [...] [...] Now let’s look at the details for the 20% rule: [...]

]]> By: Straight To The Point « http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-740 Straight To The Point « Sat, 24 Jan 2009 08:50:34 +0000 http://7million7years.wordpress.com/?p=126#comment-740 [...] How does your current setup fit within the 20% Rule and the 25% Income [...] [...] How does your current setup fit within the 20% Rule and the 25% Income [...]

]]> By: Anonymous http://7million7years.com/2008/04/11/applying-the-20-rule-part-i-your-house/comment-page-1/#comment-742 Anonymous Mon, 19 Jan 2009 09:05:12 +0000 http://7million7years.wordpress.com/?p=126#comment-742 [...] as a % of your ‘usual’ after-tax income 4. How does your current setup fit within the 20% Rule and the 25% Income Rule? 5. What - if anything - do you plan to do about it, if you currently [...] [...] as a % of your ‘usual’ after-tax income 4. How does your current setup fit within the 20% Rule and the 25% Income Rule? 5. What – if anything – do you plan to do about it, if you currently [...]

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