We took up a loan to pay for the new HVAC

Dad always says loans are good as long as you put the money into good use

My cousin and I have always emulated my dad who runs a huge real estate empire. From a young age, he taught us all about the business and encouraged us to invest in real estate. His motto was we could become anything we want so long as we had a portfolio that included several real estate properties. Investing is important and it’s better to start doing so at a young age. When my cousin and I were 14, we started working to earn extra money. Our goal was to pull in our earnings and buy a property some day. Well, someday came early since my dad helped us acquire this 2-bedroom 2 bathroom house when we were 18. The work of renovating the space and adding all new appliances took time. We had to work harder to earn extra money to handle all this including installing a new HVAC system. Since we intended to flip this house, dad insisted we should ensure it’s renovated to the highest standard. That meant even the old HVAC system in the house had to go. We tested this HVAC system and saw it was still working, but an HVAC professional stated this would only last a short while. This HVAC system was 12 years old and he was surprised it was still working. Buying a new HVAC system isn’t easy so we had to find a way to finance this. At 19, my cousin and I took up our first loan to help with buying and installing a new HVAC system in the house. Dad always says loans are good as long as you put the money into good use. The returns we get after selling the house would go into buying another place.

gas heater

Leave a Reply

Your email address will not be published. Required fields are marked *