Debt set me free. This was a great talk. I’ll keep me: Levered appreciation. Levered depreciation. Inflation based debt destruction. Asset protection (bank in first position) It’s a balance. I wanted 70% LTV when in growth mode. I was 50% LTV now that I retired. I don’t want less. I don’t want more.
Debt eats our resources because of interest. If we pay all our debt off as soon as possible we have financial peace. Debt stops financial freedom. So he’s telling the truth.
I agree. I have 5 paid off rental properties. These are much less risky than 20 houses with limited cash flow. These will fund the bulk of my retirement.
I think coach has the right idea. I am in total growth mode, but once my gross hits around 3x my target i think the pay off emphasis is absolutely the play.
Totally. It doesn't make quite as much sense to start paying down your debt out the gate. But once you have a pretty solid set of properties, then it may be time to start chipping away.
What if you leverage and cash out refinance, but instead of using the money to buy another property, you keep doing it and investing in index funds? Then you have an emergency source on income to tap into, it’s less risk, and will grow quicker.
Borrow money and pay interest on it to buy index funds? I dunno, I’d maybe put my cash flow into index funds, but I don’t think I’d borrow to buy index funds
Coach I missed you in Vegas in Feb but I watch your videos. I agree I have 1 soon to be triplex that will cash flow 4K a month and a 4plex in San Diego that I'm trying to pay off that will give me 15K a month. 2 properties 7 doors just under 20K a month. I can live with that. Rob I enjoy your videos also. Thank you both I appreciate you guys.
Thanks for having me back Rob! I'm happy to respond to questions or comments here if anyone has any about our episode.
Do you provide 1-1 coaching? I wanted to discuss my current state and see if I can get going on the small and mighty strategy.
Also interested
Debt set me free.
This was a great talk.
I’ll keep me:
Levered appreciation.
Levered depreciation.
Inflation based debt destruction.
Asset protection (bank in first position)
It’s a balance.
I wanted 70% LTV when in growth mode.
I was 50% LTV now that I retired.
I don’t want less.
I don’t want more.
Debt eats our resources because of interest. If we pay all our debt off as soon as possible we have financial peace. Debt stops financial freedom. So he’s telling the truth.
Love seeing the other side of the Mindset, this is great!
I agree. I have 5 paid off rental properties. These are much less risky than 20 houses with limited cash flow. These will fund the bulk of my retirement.
More details about your plan please...
You need to come on this podcast.
I subscribe to both of you and LOVE IT when you team up on these! Thank you so much! 💗💗
Thank you!🙏
Chads wisdom is exactly what drew me to real estate. He is one of very few who think the way I do.
I think coach has the right idea. I am in total growth mode, but once my gross hits around 3x my target i think the pay off emphasis is absolutely the play.
Totally. It doesn't make quite as much sense to start paying down your debt out the gate. But once you have a pretty solid set of properties, then it may be time to start chipping away.
Love see a true sharpening of mind- instead of making fun of a different strategy, consider the benefits and the place it holds in decades of strategy
You found your nitch Rob! Interviewing cool investors on your own podcast and platform l.
Refreshing take! Thank you - more interviews like this please :)
This was a great episode! Its so easy to let this biz crush you, as he says. Life balance is and quality time is what matters in the end.
I'm feeling this more and more every day. I'm about to enter my pruning stage and I'm really excited about it.
@@Robuilt same here! I'm past burn out. It's not about the money anymore 😞
@@joeywharton5662 why do you feel burned out?
What if you leverage and cash out refinance, but instead of using the money to buy another property, you keep doing it and investing in index funds? Then you have an emergency source on income to tap into, it’s less risk, and will grow quicker.
Borrow money and pay interest on it to buy index funds? I dunno, I’d maybe put my cash flow into index funds, but I don’t think I’d borrow to buy index funds
Coach I missed you in Vegas in Feb but I watch your videos. I agree I have 1 soon to be triplex that will cash flow 4K a month and a 4plex in San Diego that I'm trying to pay off that will give me 15K a month. 2 properties 7 doors just under 20K a month. I can live with that. Rob I enjoy your videos also. Thank you both I appreciate you guys.
$15,000/month is pretty life changing money!
Great conversation! I think Rob & Chad make great videos together.
Good for people who want to retire early. For some people, they just want to work until death but they still have freedom
👍🏼
Bad credit can’t help if u have any of little gain
What?
Rob is hispanic and doesn’t know what pruning is 😂
First