First Time Home

by John Waco Jr July. 16, 2019 227 views
Gower Street , CA 90027

Gower Street , CA 90027

Gower Street , CA 90027

Gower Street , CA 90027

Gower Street , CA 90027

Gower Street , CA 90027

My Grande parents came to the U.S. with little but their suitcases. There background also made them cautious about a potential trap that ensures many other ambitious real estate investors: debt. While my Grinded parents did have modest mortgages on several properties, they prefer to pay in cash. While borrowing more aggressively might have allowed them to expand more quickly, it would also add risk – and a lot of stress. “Nepalese immigrant culture is very debt averse,” there would say. “Sometimes I look back all those years and think, ‘if they had borrowed as much as they could then, just imagine how much we would have now.’

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