Watch This To Avoid Real Estate Investing Debt #shorts

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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[donaldgaff]

For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up when I came across YouTube about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment (with the help of an investment advisor). Right now I'm sitting on a 440k worth of properties and have paid my debts in full

[Hauness]

Sounds like an awesome game, but please tell me how I'm supposed to be able to get a $20, 000 down payment when in reality the actual down payment would need to be $120, 000, and I make 70k a year.
Where do I get the money?

[zachrat]

I LOVE debt! I love paying the banks interest and having the least amount of cash flow possible on my rental. I pray to the FICO gods every night for the opportunities i've been given!

[danieldanfoxworth]

Having renters paying the bills is good until the Government comes along say due to a pandemic and now there is a moratorium and the tenants may not have to pay you for a year but the banks or notes holders still want their money, now what?

[Jgarcia]

I'm from California and what you're saying sounds foreign because of the price of the properties.

[amineech-cherif]

What you’re saying can be misleading for a beginner, doing a cash out refinance won’t pay you back, it will create another loan which is bigger and harder to pay.

[changeforthebetter]

The whole premise of his argument is that, the return to his invest is always going to be positive.

Well, genius; with every investment comes risk and risks means either profit or loss.

Most often than not, losses are the most recurrent results.

[felixinit]

Dave Ramsey Bro. Make a dowmpayment, Leverage OPM (other people money). Real State Game where leverage Depreciation, Cash-out, Refinance.

[WalterD]

I would like to see you and Aristotle do a podcast together. His name on YouTube is Honey drip network. I just feel like both of you could do a lot to teach people that are willing to learn.

[F_A_Maroon]

This economy is driven by debt. If you play the "debt game" you will be playing someone else's game. This game make you constantly change your game plan. The "NO Debt" plan does NOT change no matter the economic environment.

[Leka]

Yeah great plan if you ignore all the risks, like having a shitty tenant that just wrecks the place or doesn't pay their rent, or the insurance and interest go up faster than you can raise rents, or the housing market crashes.

[arthercasillas]

Is this still relevant with the interest rate high.

[tropcalkttles]

Bro buying parking spots. Where do you get a property for 100k lol.
Thats usually just the downpayment on a decent 3bd 2ba.

[jayc]

That boyz time is coming to an end. Society has had enough of this shit.

[sirhenrystalwart]

This man's advice is a good way to go broke. My parents tried that scheme back in the 80s and ended up bankrupt.

[gsheac]

But leverage is debt. The money you borrowed still needs to be paid back. So you have 100k in the bank, where's the profit?

[Thaijler]

I learned this principle years ago. Don't use your money when you can use someone elses. If you have 100k don't buy an asset. Instead, take that 100k to the bank, get a loan and use that 100k as collateral. Now you have the asset and the 100k. Now you don't need to liquidate the asset because you still have cash, which is why cash is king. You can also build credit when you manage debt.

[brandtrosenstock]

You don't own anything and when the property values tank you'll lose it all

[formeyousee]

I'm sticking with Dave Ramsey. No debt. Build wealth. Cash flow investments for peace of mind, 100% profits, and financial peace owing no one from borrowed money.

[rileyallred]

School teaches to be a worker not a leader