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Tiger Woods’ New Mortgage and Playing the Rehabbing Game

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Some investors who are into rehabbing homes probably play golf. And you probably have heard too, especially investors from Florida, that Tiger Woods has taken out a $54.5-million mortgage on a new property.

Reports said he will pay $1 million monthly for the next 50-something months. He intends to fully settle the house loan by January 15, 2016. This is a huge show of confidence, says one blogger, considering Woods has already some endorsements due to his revelations on infidelity. While you would probably not earn as much as the Tiger would playing professional golf, you can still earn more than enough by playing the rehabbing game.

A Michigan investor I know earns at least $25,000 per fix and flip deal and closes around 50 deals a year.  In case you don’t want to do the math, it’s $1.25 million in profits a year. If you are able to take your home rehabbing business to a whole new level – that is a level beyond the one or two deals a year – you can be a millionaire in real estate investing within a year.

Tiger is probably still the best golfer in the world and his admission of infidelity doesn’t change that. He probably knows that as well and that’s why he is very confident of getting a mortgage that huge. This is not to encourage you to get a big house and house loan, no sir. It’s just a reminder that if you become good at rehabbing and real estate investing – in the same way that Woods is on top of his game of golf – you too can enjoy some of the luxuries he enjoys.

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