Smart move but I wonder why you don’t sell the stocks and bust-bills (bonds)? At 4-5% on a 30 day treasury it would far outpace any added tax liabilities. Just my opinion but I really like how you think👍👍
Not a bad plan, with the extra money left over to reinvest, you are compounding your future income stream. The big money is always made during market panics. To this day I still kick myself for not loading up on Ford stock @ $1.25 a share during 2008/09. I know of a case where a person cashed in $155,000 CD to do just that he bought between $1.25 & $2.50 a share, & it's been a life changing event.
I was scrolling through my TH-cam feed and a saw video about cockroachs posted and my brain went hey I have not seen a video from Garrett recently so I looked up your channel and found this video you recently posted. I'm curious if you are still using groundfloor as investment tool?
You are very good. Sharing info that is very important. 😊
Thanks for the comment
Thanks for sharing your experience, very good luck to you. I would do it too if i were in your situation. I admire you. 😊❤
Thank you for the comment
Smart move but I wonder why you don’t sell the stocks and bust-bills (bonds)? At 4-5% on a 30 day treasury it would far outpace any added tax liabilities. Just my opinion but I really like how you think👍👍
It wouldn't cover the mortgage payment
@@Challenged1 Maybe I’m not understanding. Wouldn’t 200k on a 30 day US Treasury which is currently 5.37% pay roughly 10k a month?
@@israelshelton230 No, not per month.
Not a bad plan, with the extra money left over to reinvest, you are compounding your future income stream. The big money is always made during market panics. To this day I still kick myself for not loading up on Ford stock @ $1.25 a share during 2008/09. I know of a case where a person cashed in $155,000 CD to do just that he bought between $1.25 & $2.50 a share, & it's been a life changing event.
If you took the loan on an investment property, the interest would be tax deductible as well.
That is true
I was scrolling through my TH-cam feed and a saw video about cockroachs posted and my brain went hey I have not seen a video from Garrett recently so I looked up your channel and found this video you recently posted. I'm curious if you are still using groundfloor as investment tool?
Thanks for the post. Nope, I cleared out of Groundfloor. I no longer have confidence in it after reading their balance sheet.
Smart man. Pretty ballsy. Are you married? My wife would freak out.
Yes I am. I admit, my wife is very trusting