Some believe debt is something to avoid. When considering how people abuse it, I’m tempted to agree. But there’s “bad debt” and “good debt.” Bad debt is any debt on a depreciating item or consumer debt. It stands in stark contrast to good debt, which allows you to leverage income-producing assets and increase wealth.
View the full article: Point-Counterpoint: Debt Is Good When It Comes to Real Estate on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.