Page 91 - C:\Users\Troy-LapTop\Documents\Flip PDF\Millionaire Maker\

said.

Question 5: What Else?

“We have our IRAs,” John said. “There’s $200,000 there from our jobs. And we have six investment properties that
we own personally that we bought down near a resort in Kentucky. They’re appreciating; we got ‘em for $1 million
five years ago, about $167,000 each, and they’re each worth $250,000 now. That’s $1.5 million now.”
“We get monthly income on them too,” Jean said.
“But we pay more than that on our mortgage and taxes, so I guess you’d say we’re underwater on that?” John
said.
“I would. But the other bonus is that you’re not getting the full depreciation benefit a professional real estate
investor would get because you still have your job.”
John cocked his head, not happy.
“Oh, we have $12,000 in credit card debt,” Jean said. “Did you mean that too?”

Question 6: What Do You Want?