💸Teaching Financial Freedom💸
Region: US
Wednesday 05 June 2024 18:13:10 GMT
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Investfourmore Real Estate :
a house is an asset 100%. the loan us the liability
2024-06-05 20:21:03
11
Karm :
“I have 5.5m debt making me 40k/month profit” 🤨 um
2024-06-05 21:13:05
21
daddysmasher :
Rich Dad Poor Dad actually covers all of this. So the classics still stand.
2024-06-05 22:15:21
5
uppitty :
Homes are liabilities if you dont know how to manage a property. Otherwise, they are assests that increase in value.
2024-06-05 19:58:03
3
Red.Makaveli :
Your wrong about paying your house off asap, it's not a liability if you put enough money into it to make it last. Invest in yourself/ assets. House paid off will save you more money to invest more.
2024-06-05 20:29:06
2
💸Teaching Financial Freedom💸 :
Most of these rules made sense 20 years ago when were starting in life. But things changed fast and American national debt increased by over $25T in the last 20 years.
2024-06-05 18:13:30
2
DrMantisToboggan :
Make sure the lender on slide 7 approves the sale and assumption. Otherwise, you may find the property in foreclosure. It’s an unlawful transfer, so you’d lose in bankruptcy as well.
2024-06-05 20:21:24
1
Chuck Williams643 :
Homes are liabilities that depreciate and then you add market value back to the equation. The land attached to them however appreciates no matter what.
2024-06-05 20:00:05
1
pastajoints :
Bezos was given 300k by his parents. Taylor swift’s father paid a recording studio 300k to get her career started.. so basically if you don’t have 300k you’re NGMI
2024-06-06 01:48:39
1
Dezzymon :
now what money do I use to buy the house if I used it to buy rentals
2024-06-05 21:15:58
0
user45387679547814 :
Bro has a lot to say
2024-06-05 20:01:21
2
Money in your 30’s :
Invest early and often!
2024-06-09 21:42:52
1
bD :
the facts come down to where the money came from, private or bank. cheap money came from somewhere to hit that dit ratio , can't do that with bank loans. math don't math for reg people 🤷♂️
2024-06-06 23:20:28
1
The Adventures of Rori & Koko :
lol no one says these tips anymore
2024-06-06 02:17:26
1
Samul :
Not me at 20 sitting in my 10k Toyota
2024-06-05 22:44:50
1
George Kaiser :
This is actually pretty decent advice, though getting started in real estate is admittedly pricey right now 👍🏻
2024-06-05 21:04:27
1
gdrahal :
beware tgtbt
2024-06-06 13:27:06
0
Maryland Crab Cakes :
Yes .. and with the looming debt crisis.. rules about to change again as dollar value continues to erode.
2024-06-06 10:48:00
0
Executive_BrownSugar :
Facts
2024-06-05 21:16:38
0
Sterling Sessions :
This worked for decades because of fed policy. It won’t work for the next several decades because of fed policy. This is crap advice.
2024-06-07 03:57:53
0
Parker :
Buying a property to turn into a rental as a source of income is unfortunately very predatory and is one of the main contributors to the U.S. housing crisis. Otherwise, decent advice.
2024-06-05 19:38:36
17
nwinslow :
You lost all credibility when you mentioned Trump😂
2024-06-05 21:16:27
5
stoneengineer :
I stopped at #1. absolutely refuse to be any kind of a landlord, they're all scum who created the housing crisis we're currently in by simply existing
2024-06-05 19:52:10
5
MissCaliNeVaCoGal :
lost me at Trump & Kyosaki...✌🏼
2024-06-05 21:40:31
5
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