How is it possible that a 25 year old can be in almost $1 million of debt? Allow me to explain.
My debt portfolio consists of four mortgages, one unsecured personal line of credit, one student loan and 15 credit cards/accounts which equates to almost a million dollars in liabilities.
Shortly, I will pass the million dollar mark by adding another mortgage to the list.
Your next question is how did this 25 year old gather enough money to purchase four properties and how did he establish such credit worthiness?
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