FMG 4.63% $17.32 fortescue ltd

Iron Ore Price, page-4532

  1. 2,892 Posts.
    lightbulb Created with Sketch. 96
    Consider this...

    You own 1 house and collect $30,000 rent p.a. in 2010.

    Now you own 10 houses (bought 9 more houses) and collect (TOTAL) $10,000 rent p.a. with 9 NEW purchases all 100% DEBT funded by low-doc, high interest loan.

    Answer: you don't have a business.
 
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