www.empoweredinvestor.com/ Join a community of income property investors laden with high-level knowledge of investing’s best practices. Experience is the best teacher in life and we have some of the most experienced income property investors in the game. fireyourmanagers.com/ Discover The Step-by-Step Training For Mastering Lease Options and ... Significantly Increase Your Cash Flow and Equity- In The Next 6 Weeks!
Agree refinancing gives you access to equity tax free, but every time you refinance you are making a new loan that needs to be paid back and this is interest and principal
What if you have crazy low interest rates currently.. refinancing you have a worse rate.. then you can’t get the rent you need to cover the new loan.. :( soundless like I wish I did not refinance issue..
In that case, the lender can become an advocate on highly leveraged properties, but may come down on those loans which they don't stand to lose so much on? This is not universal.
I was told the bank will only loan me 80% of the difference between what I owe and what it is worth. I owe 195k on a property that is worth 400k. That’s about 165k at 8%? Is that a good deal ?
unfortunately, in your example you didnt consider the inflation. So after 60 years your refi-ed money has only 1/4 ~ 1/5 of the buying power as of today 😢 (given a conservative yearly inflation rate 2.5%)
www.empoweredinvestor.com/ Join a community of income property investors laden with high-level knowledge of investing’s best practices. Experience is the best teacher in life and we have some of the most experienced income property investors in the game.
fireyourmanagers.com/
Discover The Step-by-Step Training For Mastering Lease Options and ...
Significantly Increase Your Cash Flow and Equity- In The Next 6 Weeks!
Jason, you are the absolute best, most insightful real estate investor in TH-cam. Second to none.
Useful strategy to consider if properties double in value in time frame mentioned, and if rents can give decent cash flow after refinancing
Looking forward to the longevity show!
Jason, Great content. Keep up the great work!
Amazing strategy! Thanks Jason
Agree refinancing gives you access to equity tax free, but every time you refinance you are making a new loan that needs to be paid back and this is interest and principal
I can’t understand how he does this whole video and never mentions that the money you pull out is just a loan… now with higher interest.
Yes you have a higher payment but it is covered by the higher rents. Investors don't pay for their properties, the tenants do.
Thanks Jason
This is the way.
Türkçe alt yazıyı da eklermisiniz?
$100,000 property? The average propety value here in Orange County CA is 1.1 million !
What if you have crazy low interest rates currently.. refinancing you have a worse rate.. then you can’t get the rent you need to cover the new loan.. :( soundless like I wish I did not refinance issue..
But you never really end up owning the properties? What if property prices crash?
In that case, the lender can become an advocate on highly leveraged properties, but may come down on those loans which they don't stand to lose so much on? This is not universal.
🎉your scewed
Your or you're?
I was told the bank will only loan me 80% of the difference between what I owe and what it is worth. I owe 195k on a property that is worth 400k. That’s about 165k at 8%? Is that a good deal ?
unfortunately, in your example you didnt consider the inflation. So after 60 years your refi-ed money has only 1/4 ~ 1/5 of the buying power as of today 😢 (given a conservative yearly inflation rate 2.5%)
You're right. Better to forget the whole thing. Maybe buy a house, put a few grand in your 401k each year.
Actually, it does consider inflation because with the leverage you outpace inflation by at least five to one