How rich people use debt to get rich #realestate #investing

😂.....u r definitely foolish guy

What if the asset you invest in doesn't work?

What if that doesn’t work

I would call this leverage. Your project might fail. You took risk and that's why you get a premium over the interest you'll pay

Hmm this is interesting I think rich people do do this but not at the start
This is very risky stuff and you’ll need to know your asset will give you returns otherwise it’ll fail problematically

but real estate is risky af

the maintenance unpredictable catastrophies etc etc

and you're certain that the buyer would bargain way way less than your expected price that's depend if you actually have a buyer cause most of the time no one buys your house for years

Well explained ❤

If rich guy is a hard money lender and you are a noob, this could go very bad very fast

But the big question is . Will anybody lend us money while we don't have any money or collateral?

That’s one way to pay higher taxes 😂 if you can get the loan to begin with, which usually requires some income revenue/assets or both, first.

Soon as you sell it, your liable for tax on it

That was stupid

So, another social media Investment Guru. I am sure the investment course that makes you rich overnight is coming soon...

All companies do that. It's nothing new.

Not my fault my country is poor due to SOVIET UNION

Taking interest/ sood and giving interest/sood is not good . A person can get rich without taking and giving interest / sood how ever taking debt without interset is not bad but may Allah help all humanity and Allah sab ko apna muhtaj banaye Ameen. I hope Allah help humanity Ameen

If the asset u buy works. If not ur re deep in debt and contemplating suicide. Islam forbid interest bcause of this high percent failure

This is The rise in the cost of housing... It's already starting to look like Cali. prices everywhere...

People making using debt sound like some great idea .... When all they mean is get a loan

I go to the rich guy he says get lost

Took out a loan and paid off my credit card debt. Credit score went up. Qualified for bigger loan, paid off previous loan. Credit score went up. Took out even bigger loan and have been living fat off that loan for two years now. Will have to pay it off eventually, but, who knows, maybe I'll die before that happens. 🤞

This is not what I’m looking for

What kind of assets are similar to the bandaid Glass?

But your taxes when you buy and taxes when you sell. How can I pay back the debt and the interest?

Lol he left out the part where you’re not gonna be able to get the loan because you have no assets or money 😂
Once you have a little bit of money, it’s easy to make more money. The ultra hard part is getting out of poverty so you’re able to get decent loans in the first place. I feel like rich people do not even comprehend how the loans that are available to them are not available to broke people and the loans that are available broke People have extremely high interest rates like ridiculously high and the amount they they’re able to get from loans is extremely little. Not to mention banks tend to not lend to minorities as much as they do white people even if on paper, they are completely equal. Kind of like how insurance companies charge men more even if they have not been any accidents just because they were man they get charged more and it’s the same when you’re minority with loans. They have laws in place against this stuff, but at the end of the day, it is completely up to the banks who they lend money to and they can give any reason they want.

Real question. How many times have you followed your own advice in this regard?

Intrest is haram

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

You solved complex 😂 problem that poor people never try to solve . I think you are student of Robert kiyosaki

How do i get a loan that doesnt require to buy a house (liability) i want to buy assets what example of assets are there

So basically get a loan and fix a house

what if it took you years to sell the property?

Im hoping I could get an answer from the uploader of this video, for the question im about to ask, apologies if its a silly one too...

If someone were to do this, could they, hypothetically, GIFT the fixed up home back to the person who gave the loan, to erase the loan, or deem it repaid? Could this be done to potentially avoid paying capital gains tax from selling the home?

So you buy a wasted house. You fix it. You sell it with a price that allows you pay for the loan + interest and that allows you to have even more money that you had.

So what you should have like a poor person is at least 1M$ to sell something at least at 5M$ to be able to make that business succeed

But hey, I'm confused here. Generally the ROI from renting out your house, is 2% to 3% in terms of monthly rent. Whereas the interest you are paying to the bank is much much more than monthly rent you are receiving. What do you do in this case?

you're the only One that explained in the best way possibile

We all know this trick but how to pay that interest amount and emi for the debt and loan which we will have to pay monthly?

What happens when asset class crashes?

Now i need to find a rich guy

❤

None of you morons have good credit. And Interest Rates have made it to where getting a loan is impossible

Got OF? You cute

Spilling money everywhere!

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And then tour asset doens’t win enough money or loose money… and u have bankrupcy …

I love the explanation cause I just wasn’t getting it but it makes much sense now, round of applause 😅

False

Only in a world where the home market is growing…

Need more water

Short, simple, yet effective. Good stuff