Comments on: Accumulating 7 million dollars worth of property in 7 years? http://7million7years.com/2008/12/18/accumulating-7-million-dollars-worth-of-property-in-7-years/ How to make 7 million in 7 years ... Thu, 24 May 2012 09:20:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Adrian http://7million7years.com/2008/12/18/accumulating-7-million-dollars-worth-of-property-in-7-years/comment-page-1/#comment-2106 Adrian Sat, 20 Dec 2008 15:53:55 +0000 http://7million7years.wordpress.com/?p=1246#comment-2106 @ Andee - Thanks!. Sounds like the drug companies (allegedly) selling treatments that mask symptons rather than offering cures ... seen any good Smallpox Vaccine stocks lately ;) I differentiate between real-estate as an INVESTMENT (buy/hold/manage debt leves) from real-estate as a BUSINESS (buy/sell) ... this holds true for many classes of 'investments' (e.g. buying/holding stocks v trading/options). @ Andee – Thanks!. Sounds like the drug companies (allegedly) selling treatments that mask symptons rather than offering cures … seen any good Smallpox Vaccine stocks lately ;)

I differentiate between real-estate as an INVESTMENT (buy/hold/manage debt leves) from real-estate as a BUSINESS (buy/sell) … this holds true for many classes of ‘investments’ (e.g. buying/holding stocks v trading/options).

]]> By: Andee Sellman, One Sherpa http://7million7years.com/2008/12/18/accumulating-7-million-dollars-worth-of-property-in-7-years/comment-page-1/#comment-2105 Andee Sellman, One Sherpa Sat, 20 Dec 2008 08:49:46 +0000 http://7million7years.wordpress.com/?p=1246#comment-2105 Just read your journey to 7 million and it's great. I agree with you entirely about starting and running businesses to keep your cash flow running because when they work well they throw off good cash flow from trading , trading ,trading in whatever the business does. I have seen people get wealthy in property but most of them do have a buy and sell strategy AND they keep a really close eye on their debt levels. When an entrepreneur is working in real estate they can find themselves up against a very large corporate (called the bank) who are trying to make their wealth from interest returns off the high borrowings. As a result the bank can push for more and more debt and as long as you keep paying the interest, they never want you to pay back the principal. WHY? Because their interest returns would go down! Just read your journey to 7 million and it’s great. I agree with you entirely about starting and running businesses to keep your cash flow running because when they work well they throw off good cash flow from trading , trading ,trading in whatever the business does. I have seen people get wealthy in property but most of them do have a buy and sell strategy AND they keep a really close eye on their debt levels.
When an entrepreneur is working in real estate they can find themselves up against a very large corporate (called the bank) who are trying to make their wealth from interest returns off the high borrowings. As a result the bank can push for more and more debt and as long as you keep paying the interest, they never want you to pay back the principal. WHY? Because their interest returns would go down!

]]> By: Adrian http://7million7years.com/2008/12/18/accumulating-7-million-dollars-worth-of-property-in-7-years/comment-page-1/#comment-2104 Adrian Fri, 19 Dec 2008 04:41:41 +0000 http://7million7years.wordpress.com/?p=1246#comment-2104 Excellent commentary 'Dog' but, I'm afraid that your lucid comment got cut off just after your rhetorical question that ends "... coherent argument?" We'd love to hear your analysis of my post ... Excellent commentary ‘Dog’ but, I’m afraid that your lucid comment got cut off just after your rhetorical question that ends “… coherent argument?” We’d love to hear your analysis of my post …

]]> By: dogatemyfinances http://7million7years.com/2008/12/18/accumulating-7-million-dollars-worth-of-property-in-7-years/comment-page-1/#comment-2103 dogatemyfinances Fri, 19 Dec 2008 04:21:20 +0000 http://7million7years.wordpress.com/?p=1246#comment-2103 So, you started million dollar businesses when you can't write a coherent argument? So, you started million dollar businesses when you can’t write a coherent argument?

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