How Millionaires Buy Real Estate

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None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[asd]

More like “how bout u give me a loan for 90%…” bank: no.

[flyingbadger]

Me, a mortgage underwriter: no thats not how any of this works

[brucewayne]

Those are some dangerous pieces of advice. Leverage can help you maximize profit. But it also increases the risk tremendously. Not to mention increase interest expense. I would rather take a more conservative approach.

[electrosquid]

Ah yes using 10x leverage instead of 5x and increasing the interest expense by atleast 12% i see no problem here

[alphabetagamma]

How is this even legal?. These people with literally 0 financial education are giving out dangerous financial advice so confidently. They don't even have the decency to include a disclaimer!

[JMar]

I never understand why people say that having a loan is good because you get to deduct the interest on your taxes. It's a deduction not a credits so you only reduce your taxes by a percentage of the money you spend on interest.

[jupiter]

Im a little confused. could u make a video explaining a little bit more because im confused on how u would make money from the properties and what would stop u from going into a cycle of debt with the loans. I've been interested in this for a little while and if u could help clear my confusion that'd be nice

[arianbehnami]

When you forget about risks, anything is possible

[JNatella]

Yeah this is totally the way my last interaction with underwriters went.

[TheKnowledge]

This applies to individuals that do NOT consider a standard deduction(most people do a standard deduction not itemized). So your interest rates would need to be more than $12, 950 if your single or more than $25, 900 if you’re married. What you can do to offset taxes on rental income generated if you’re taking a standard deduction is consider depreciation. Depreciation is calculated by taking your houses value and dividing it by 27.5<— this would be the amount of depreciation you can write off against your rental income per year

[BargainValueInvestor]

Please listen people as it may save your wealth: leveraging 10x instead of 5x means drastically increasing the risk you take on. If your property value falls by even 10%, banks are taking your home

[rory]

*cough* 2008 *cough*

Or for the younger viewers
*cough* eviction moratorium *cough*

You need equity and cash on hand or you won't weather the storm. This is shit advice.

[PierceJPeterson]

Daniel Iles never misses 🎯 Love the shorts content bro! Been starting to get into it myself

[romanticdonkey]

Ahh yes, take on as much debt as possible. Bankruptcy is soo much fun.

[djstankdaddy]

I'm from the UK the max you can borrow is 85% of the property under a buy to let

[mrchatterbox]

You also may be able to take depreciation expenses and energy credits depending on the business you setup to buy property and if it’s an acquisition or new construction.

[rawa]

tax deduction on the *interest part* of the mortgage.

[yetiturnt]

It’s called a 1031. Roll over your capital gains into your next purchase. Just gotta make sure you can sell before you buy.

[PowerofRealEstate]

Millionaires focus on leveraging debt and investing in appreciating assets. Smart financing and long-term strategies are crucial for building wealth in real estate. It's all about the right opportunities and patience!

[wrayth]

Rich people aren't smart, they simply have money and the sysyem was designed to help people who have money.