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by cypherpunks01
2655 days ago
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I'd politely disagree, for most of the points yes, it's achievable for folks with disposable income, however I don't think the average reader (NYT or HN) can afford to buy 2 new homes and 1 new vehicle all in cash. > When he found a property to buy, he used the L.L.C. and a cashier’s check from the L.L.C.’s bank account to pay for the house in full. A mortgage was not going to be possible. > 9. Buy a boring car. > 10. Buy a decoy house to fool the D.M.V. |
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People living in NC and TX generally have a lot more disposable income than people in CA at the same gross income level. (In that sense, those other places are more free.)
pay for the house in full. A mortgage was not going to be possible.
It's entirely possible for an LLC to lease property. I also know for a fact that there are people in Chinatown who, for a variety of reasons, can't get a mortgage, but they can get alternative financing to the tune of several hundreds of thousands of dollars.
> 9. Buy a boring car.
Very affordable. I just did this.
> 10. Buy a decoy house to fool the D.M.V.
In the Blues Brothers movie, I think one of the characters had Wrigley Field as their address. If you have friends at an organization like a church, you could use that address.
The subject of the article did it with money. There are other people who do some things like this through their connections.