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How The Rich Use Debt to Multiply Wealth?

Legacy Investing Show 33 views

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@scnager1
 This is known as the BRRRR strategy
Comment from : @scnager1


@superior54
 Good system, these days good renters are hard to find
Comment from : @superior54


@JeffreyLiu8
 You still owe the bank money
Comment from : @JeffreyLiu8


@Ekaansh-r4q
 The problem is how do we make the bank feel like it's 175k from 100k I had bought a house at 250k and did renovation around 50k but when bank came for survey they evaluated it at 210k even less than original value at which i bought it
Comment from : @Ekaansh-r4q


@Supacobra94
 no wonder he keeps repeating "this is how the rich" thats because he's basically only here to help the rich just listen to how casual he mentions hundred thousands in loans and whatnot just another Richie in dire need of his helping of lead
Comment from : @Supacobra94


@zoltangacs5733
 The only problem is that no private lender will lend you 100k to get 100k back
Comment from : @zoltangacs5733


@chefeddie8704
 Private money lenders these guys talk about are bullshit! They are not easy to find and if you do they charge loan shark rates
Comment from : @chefeddie8704


@renabissett5089
 Good idea, theoretically The reality is that many people (like myself) won’t get approved for a 100k loan to buy a new property, since we’re paying the mortgage on our own homes already
Comment from : @renabissett5089


@IzchilarTV
 Don’t you pay interest for the refinance cashed out loan?
Comment from : @IzchilarTV


@mlb556
 Multiply this activity by a few hundred million house flippers, and the real estate venture is saturated with rental house high prices The reality is folks seek out ways to avoid high cost rentals Live with Mom and Dad The real estate landscape is full of landfills Everyone has to be employed with high paying jobs to own a home Such jobs were shipped to China The rent margin has been lowered because a person can barely afford to live in a rental The economy is suffering with high interest rates Kinda sad
Comment from : @mlb556


@robinccc
 And what happens when u dont find a tenant for months? You'll still have to pay the bank out of ur ass
Comment from : @robinccc


@user-gi1xr8tf1p
 How to you find private private or hard money lenders?
Comment from : @user-gi1xr8tf1p


@alowishushenry1265
 Just make numbers up It’s easy ZIRP is over
Comment from : @alowishushenry1265


@samuelcotnoir2705
 But you still gotta pay the bank the 100K
Comment from : @samuelcotnoir2705


@Ricky-nb5lv
 Would you not pay the private lender more than 100k to account for fees and interest?
Comment from : @Ricky-nb5lv


@LegacyInvestingShow
 Watch 👇brbr🏡How to Set Up A $2,500/mo Airbnb in 84 Daysbrbr youtube/8ElREEr3gro
Comment from : @LegacyInvestingShow

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