@kriskrohn: Never Pay Off Your House

Kris Krohn
Kris Krohn
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Region: US
Friday 14 July 2023 03:09:18 GMT
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jonbrym
Jon :
I love these scenarios. Property doubles in value, only a 3% HELOC, no closing cost. 25% ROI on the next property! Rainbows and unicorns farts.
2023-07-14 15:42:22
2723
davidweynton
David Weynton :
Where can I buy a house for 50k
2023-07-15 03:20:00
1986
driz_zay
user4787982314173 :
Think you forgot about the payment on the HELOC and other property 🤦🏽‍♂️
2023-07-14 03:53:39
2241
iamoriginalone
Iamoriginal :
What heloc is giving 3% today??
2023-07-14 04:03:20
490
simonsquibb
Simon Squibb :
Don’t get a mortgage in the first place watch out it’s a trap
2023-07-15 09:55:04
505
hyelander
hyelander :
25% ROI is close to a fairy tale 😂
2023-07-14 04:30:16
474
craighauenstein
craighauenstein :
Well, you forgot to include the increase in your mortgage once you use that money. You kinda need to tell the whole story
2023-07-15 17:58:05
72
travis.langlois
Travis ✨ :
Tbh I got no idea what is going on
2023-08-05 20:02:15
617
noonecares0911
Noonecares0911 :
Except helocs aren 3% theyre 7-9
2023-07-14 03:46:36
187
knowless70
Aura-C2 :
Wait I got a good question 🙋 so what about the 200k that you still own on your first property . And then you borrow a 120k from the bank which I assume is the Heloc . But how are you going to repay the bank ?
2026-07-11 02:10:52
0
katness222
Katherine Minne :
3% Heloc??? Where?
2023-09-02 11:46:00
16
zredone
Jose :
You forgot a few things buddy!!
2023-07-14 11:08:46
5
theposens
Jon Posen :
So in the real world your HELOC IS 8%, your rental return is 10% and the cash flow is near $0 after taxes, and insurance. Still a net positive though
2023-09-08 02:44:54
32
gaborszoelloesi4
Gabor Szoelloesi :
what rental property you gonna buy with 50k down ??😀😀
2023-08-06 16:00:10
89
mropax
Orion :
not that simple. My heloc right now is 10% and the current prices of homes make it difficult to get numbers to make sense. Payment more than rent
2023-09-07 18:15:22
20
chri753
Chris :
HELOC are near 10% chief.
2023-09-09 22:19:11
7
jds761502
JS1976 :
Where you buying a house for 50k?
2023-09-08 01:27:29
15
usermamagarrison
Lisa Newell Garrison :
Except rentals cost 200k
2024-05-03 12:36:00
6
sfe2014
Fe2014 :
Dave Ramsey would Not approve this
2023-09-08 03:23:46
11
chente.509
Chente509 :
unrealistic numbers
2023-08-06 19:45:18
4
pkeane88
Patrick Keane267 :
numbers are very inflated, but the concept is accurate
2023-07-14 09:04:37
3
zombiebrains050
Zombiebrains050 :
It works because that’s my life since I was 18. I have no job but own houses
2023-07-29 03:04:53
1
taly1234563
Taly.glam💕 & my furryfrenchie :
😂 I can do Uber eats and get extra $450 😂
2023-07-14 03:47:02
4
wa1ksoftly1
Wa1ksoftly1 🇮🇹 🇬🇧 :
Madness omg
2023-07-18 18:31:09
1
oxwick70
Oxwick 70 :
If you owe nothing you sleep so much better 😂🥰
2023-07-14 14:05:12
2
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