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Not a strategy for me
on April 21, 2015
The first half of this book may be useful for beginners (its target audience), but I'm sorry, I just can't get behind the ideas preached by the author. I am curious how many people read this book before 2008 and bought one or more homes and completely lost their shirt in the crisis. In short, this book is about buying real estate on the assumption that it will appreciate year over year and then refinancing to pull out the equity and invest that equity into maximum funded insurance contracts because they offer liquidity, safety and a rate of return and are tax advantaged. That idea may work for some, but not for everyone, regardless of age or experience. To know that this strategy exists will never hurt you, but for me and my house, we will take a pass.
I laughed out loud when the author noted that he admires Tiger Woods as a family man and good husband. Of course, at the time of publication, he appeared to be just that.