you might buy a building for $1 million and hold it for 10 years. You’re retired and using the cash flow to live on. After 10 years, that property might be worth $1,500,000 and your mort- gage principal may be down to $700,000. Notice that even though you reached your cash flow goal 10 years ago and you’re living very com- fortably, you’re actually $800,000 richer now! You have the option to take out a loan against the property and pull some of that equity out.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p31
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