I met a guy who owns 40 houses.

He rents each one out for €5,000 a month.
That amounts to €200,000 in monthly income.
€2.4 million a year.
I asked him how he bought them all.
"Simply, I put €100,000 as my income on all the applications because that’s what I knew I would earn after buying the houses."
The banks lent him the money.
He bought the houses and now collects all the cash flow.
When asked how much his mortgage payments were,
Zero.
I was in shock.
How is that possible?
He just collects all the profits without paying the mortgages.
The banks haven't done anything yet; I guess they’ll add some late payment charges (he also doesn’t pay those).
He just has to get away with it for a year to be set for life.
His name?