Understanding Good Debt with JWaller💰🫱🏻‍🫲🏼

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southerncaliforniahomess

2024-03-24 12:24:04

how long
you have to wait to buy a second property as the first property to pay off why the fuck are you paying off from yeah you can pay a whole property if that's the point of good debt so he put twenty thousand dollars down one hundred thousand dollar house and ten years a house worth two hundred
so he can go to the bank and say hey bank give me seventy five percent loan to value
on the house and pull that money out and buy more properties now he can do that bob x if he spreads that hundred thousand dollars over
over five houses instead of paying cash for one
so now he's bought apartment buildings it is risk but it's certainly a risk in broad daylight because you can see the whole board