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My thoughts exactly. He used the rent from 1 house to cover the mortgages on both his rental and his own house.

A typical mortgage around here is about 1/3rd of your income. So being able to basically have other people pay 2 mortgages for you is _huge_.

He also mentions he bough a bunch of Cisco stock for 7$ which he later got to sell for 30$. That's more than a 300% return, so depending on how much he invested, that can easily amount to a hefty chunk of cash as well.