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Leverage trading and shorting is a great way for people to lose everything. The best way to make money from debt is to pay someone with experience to just do it for you.
No time is late to invest, is either now or never as the world recoveries from the covid-19 many stocks begin to regain its values
Not Chinese yen
Debt is not good unless you are worth millions, check out dave Ramsey
In mortgage refinance how come you profit 110k when you paid 100k dp on the initial loan? You only gain 10k extra profit + new mortgage loan on 560k
Sorry example #2, when he refinances the house at a 700k valuation and gets the 80% financing for 560k…that's still a loan, correct? So it's not really "profit" if he's paying down a bigger loan, although it is liquidity to go invest further. Am I misunderstanding?
This vid contains more calculations than my 10th grade math book ?
Real estate is not that easy, at least here in Italy. Almost for every action you take you pay taxes or commissions. For example, you pay 3% to real estate agent when both buy and sell: if you buy at 500k you spend 15k, if you send at 700k you spend 21k, for a total of 36k. Also, you need to pay around 2% for notary services, that's futher 24k. In this way, your net profit falls drastically.
You got a nice video!! I still don't know what property to buy, do you have any idea on more assets with high yielding potential like the one in this video?
Great Info thanks!
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Hi thank you for the information. You said that once you refinance after renovating a house and the house has gained value, you can receive the cash difference of the old loan + renovations to have extra leverage, but wouldn’t that also increase your mortgage? Also this money can be used as a downpayment for another house, but wouldn’t you also need to get a loan for that house as well? The biggest limiting factor here will be your income and if the bank will approve 2 loans for that big an amount right?
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The math on the property example is off. Only $10K in profit was made. The house was purchased for $500k using $400k loan and $100k down payment. Then $50k in renovations.
After the 80% refinance loan he can pay back the $400k original loan. RECOUP his original 100k down payment and $50k spent on renovations. Leaving $10k in profit.
Watched and liked, thanks.
In the example around minute 5, you technically raised your mortgage payments by 40% in order to pull out the 150K cash you put in. Am I missing something??
You wouldn't "make" anything unless you sold and reinvested with the exchange loophole to shelter cap gains. I guess you could use that cash to rinse and repeat with another rental fixer upper but just getting a second mortgage isn't "making" you money I don't think.
The most important thing is never be afraid to take a chance. Always remember the greatest failure is not having the will to try. Don't quit before the miracle. Have a blessed & productive day ?
Thank you ??
Ya so…. I love it when you automatically think and say, go to China to the pen factory. That's the problem.
I find the renovation example very silly. You only put 50k into renovation and you increased your home value by 200k? That doesn’t seem to happen often.
Because of it's Reserve Currency status, the USD doesn't actually increase in Value when the Fed raises rates. Good examples of my argument is this…Go and look at how the Financial Crsis and Covid Crisis affected the USD. You will see that as the Fed cut rates, the USD got strong. I hope this helps.
Great video! One quick question tho. How exactly can you avoid paying taxes (in real estate example) since you already paid your bank those 400k from the mortgage? I thought you don’t have that mortgage anymore ????