Submitted by neverever1298 t3_yenyv5 in explainlikeimfive
likesleague t1_itzsw36 wrote
Reply to comment by x1uo3yd in (eli5) How do people get super rich with real estate? by neverever1298
OP asked how people get rich with real estate; I doubt they (or the average person who does not have an asset portfolio) knows what refinancing actually is, or what packaging a portfolio is.
Me referencing an actual five year old was just tongue in cheek.
x1uo3yd t1_itzui58 wrote
The fact that two technical terms appear in a sentence that basically says "Rinse and Repeat" does not suddenly make it inaccessible.
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