[1tycoon]

Perpetual Equity?

i have been using my equity to buy properties. for example, when i paid off my first property, it was worth double what i paid. i then cahsed out the equity and bought another property (paid cash) for almost half of what it was worth. i then cahsed out that equity and used some of it to buy another property. so far, i only have three. i took me almost 2 years to pay off the first one, and i have acquired the last two within the last 6 months. my current rental income is paying for my equity loans and mortgage, so i'm basically breaking even. i'm not spending any money out of my own pocket for any of this (with exception of paying off first property). it seems to me that this could go on indefinitely. almost too good to be true. . . ? is there anyone out there with any opinions or advice, positive or negative, on using this method? any help would be greatly appreciated!!