How To Pay Off Your Mortgage Early

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  • Опубликовано: 29 окт 2024

Комментарии • 252

  • @DonaldMark-ne7se
    @DonaldMark-ne7se 3 месяца назад +350

    Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

    • @kevinmarten
      @kevinmarten 3 месяца назад +3

      If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

    • @Jamessmith-12
      @Jamessmith-12 3 месяца назад +2

      consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.

    • @JacquelinePerrira
      @JacquelinePerrira 3 месяца назад +2

      I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

    • @Jamessmith-12
      @Jamessmith-12 3 месяца назад +2

      My CFA ’’Carol Vivian Constable’’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @JacquelinePerrira
      @JacquelinePerrira 3 месяца назад

      Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Carol.

  • @mariceldb2990
    @mariceldb2990 2 года назад +26

    We did it the old-timer’s way, added a 100 or two towards the principal each month. Bonus..sleeping well at night.

    • @domingodelgado3944
      @domingodelgado3944 Год назад +1

      How much faster did you pay it off? I been adding $300-$500 starting this month.

    • @noahzm_
      @noahzm_ Год назад

      @@domingodelgado3944do the math . If your note is 500 and it takes 30 years and you pay 1k a month you’ll pay it off in 15 years .

    • @christophernewman2824
      @christophernewman2824 3 месяца назад +2

      How much faster did you pay it off?

  • @Markscott412
    @Markscott412 3 месяца назад +340

    I have a 3% mortgage interest rate and suddenly became liquid from the sale of a business and i am confused if i should pay off my mortgage or invest in the stock market.

    • @jackwillison177
      @jackwillison177 3 месяца назад +1

      Keeping a 3% mortgage and investing cash in the market, growing at 10-20%, is basic math. Look up dividend aristocrats, companies with a 25+ year dividend track record. Also, its advisable you work with a financial advisor for a well-structured portfolio.

    • @vivianlucy141
      @vivianlucy141 3 месяца назад +2

      Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.

    • @Williamjame444
      @Williamjame444 3 месяца назад

      this is all new to me, How do I find a suitable fiduciary advisor, can you recommend any?

    • @vivianlucy141
      @vivianlucy141 3 месяца назад +4

      I've stuck with the popularly ‘’Melissa Elise Robinson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

    • @Williamjame444
      @Williamjame444 3 месяца назад

      Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

  • @40secondtips
    @40secondtips 4 года назад +80

    Bi-weekly payments (as opposed to once a month) are a great way to pay off a mortgage up to 5 years faster!

    • @TearsoftheAeon
      @TearsoftheAeon 3 года назад +3

      Bi weekly combined with extra payments

    • @FreshKicks4545
      @FreshKicks4545 3 года назад +5

      Lol tried that. My bank said no lol

    • @marykay8587
      @marykay8587 7 месяцев назад +2

      I worked that out, my wallet said no

    • @malrofo
      @malrofo 3 месяца назад

      My banj defaulted to thats. The agent said I could opt out but firmly yet gently said to keep it

  • @Xanatissimo
    @Xanatissimo 5 лет назад +108

    Let's say, let's say, let's say....I hear to many of them... It's a house of cards.

    • @algoguru6775
      @algoguru6775 5 месяцев назад

      He used too many let's says lol. Life doesn't work like that, I wish.

  • @jeromej3445
    @jeromej3445 3 года назад +15

    The presentation is about speculative real estate investing with risk. What does that have to do with paying off the mortgage in five years?

  • @OurOregonlife
    @OurOregonlife 4 года назад +4

    What is not being considered is Taxes and Insurance which substantially effect this thought process. Not to mention escrow requirements.

  • @vforvictory2613
    @vforvictory2613 4 года назад +49

    I didn't hear the five year plan kris.

  • @jeffancelet7366
    @jeffancelet7366 5 лет назад +46

    Talk a little about the risks as well please. What happens in a down market? What happens when renters don't pay? Thanks.

    • @robertgrays8790
      @robertgrays8790 3 года назад +6

      UItimately, the owner of the houses pays, regardless of how much income the houses bring in. If a tenant doesn't pay rent, they can stay for a very long time, even if the eviction process is executed promptly.
      Defaulting on a property is seriously damaging to the credit score, and then there's the risk of losing both houses, and being hundreds of thousands of dollars in debt.

  • @saaudahosein-ramroop9437
    @saaudahosein-ramroop9437 Год назад +1

    what happens if your interest of your home is really low and a heloc will give you a higher interest rate? would that still work?

  • @paisleypeach44
    @paisleypeach44 3 года назад +3

    Have you ever experienced renters not paying and the difficult process to eviction??? It is not fun. You still have the responsibility of paying both mortgages. There is a reason people rent, they can’t qualify for a loan!! Why? Because bad credit? Why? They don’t pay their bills, not responsible. Who gets stuck, the person on the mortgage. A quick way to stress.

  • @ianscianablo8507
    @ianscianablo8507 25 дней назад

    But what if you already have a HELOC and bad bad credit? Is it possible your bank will not let you access the remaining equity in your primary home because of late payments?

  • @Red-xz1gk
    @Red-xz1gk 4 года назад +48

    This is something that people are already implementing in different parts of the world, and many metro areas like NYC. Some operate it by themselves and some use professionals to help manage.
    But when you sharing this idea with RUclips audience whom you may not know about their risk tolerance and their investment knowledge level, I would suggest that you may want to state the assumptions made on the economic stability, rental market trend, taxes, maintenance obligations, cost of property and tenant management, geographic housing market growth, growth rate, the risks, investor risk assessment and the contingency plans of using this method.
    sharing this investment idea to general audience without clearly explaining some of the most important considerations and potential risks is not the best nor the most responsible move in my opinion.

    • @luumi2238
      @luumi2238 4 года назад +1

      start a youtube channel, deadass

    • @Jon-ib4dl
      @Jon-ib4dl 4 года назад +1

      Well I agree but what if that’s what he’s gonna teach you when you go his website website 💡

    • @robertgrays8790
      @robertgrays8790 3 года назад +5

      He needs to explain the risks involved, namely what happens if your second property doesn't cover your mortgage, or you find a tenant that doesn't pay rent.
      Ultimately you, and only you, as the owner are responsible for paying both mortgages. The bank will take the properties back if you default, and you'll be hundreds of thousands of dollars in debt with no real estate. Does that sound like fun?

    • @mariceldb2990
      @mariceldb2990 2 года назад +1

      I’m 100% on your side.

  • @simonlai369
    @simonlai369 5 лет назад +6

    How about a down market? When if you rolled it into 3 properties and they all are all at a loss even if you purchased them for 20% below market and the markets fallen further?

  • @ajv7575
    @ajv7575 6 лет назад +14

    Thank you for the video. Question: What about the risk involved in an approaching down market,? There’s talk about another real estate crash. How do you protect yourself from your primary residence’s bank from calling the HELOC and not foreclosing on you with your primary residence?

    • @laartwork
      @laartwork 5 лет назад +1

      Roll the dice

    • @kito1san
      @kito1san 4 года назад +4

      Either take calculated risk or work 9 to 5 weekdays. Choose your poison.

  • @manny6020
    @manny6020 4 года назад +7

    Seems more efficient to just buy a home at a conservative price and pay larger monthly payments toward it

  • @niallohigginsno
    @niallohigginsno 2 года назад

    Fantasy numbers and speculative investing - monopoly investing

  • @MinJB-og4un
    @MinJB-og4un Год назад +233

    Please krish I want to speak with you

  • @yangzhang2536
    @yangzhang2536 2 года назад

    What about the capital gains from the investment property?

  • @MrEvanBacon
    @MrEvanBacon 5 лет назад +18

    How do you prepare for the possibility of not having renters in those investment properties? How much preparation do you need to cushion those hard to deal with scenarios?

    • @chriswhynder8311
      @chriswhynder8311 5 лет назад +4

      you need to have an emergency funds saved, everyone is different but i like to have 6 months just in case, the once that didntnt have much saved were the once that burned when the 2008 big crash happen

  • @VincentNoot
    @VincentNoot 6 лет назад +34

    The hardest part is the one why a lot of people don't or can't do it: Just find a house that's 20% off. So easy for an inexperienced regular dude, right? That's where everyone who hasn't been in real estate for a while gets stuck.

    • @grantrmoore
      @grantrmoore 3 года назад +3

      Get your real estate license.. Access to the MLS

    • @blanco1301
      @blanco1301 2 года назад

      Not looking hard enough

  • @pshayes
    @pshayes 5 лет назад +70

    Terrible advice relying on market appreciation, with a nice little sales pitch at the end.

    • @alexs.p.r4357
      @alexs.p.r4357 4 года назад

      And theat means you watch just this video from him

    • @leifseed
      @leifseed 3 года назад +2

      Uh unless you actually get what he is saying

  • @savagemp5
    @savagemp5 3 месяца назад

    Buying a 2nd house reduces 30yr to 5yr mortgage. If i bot 10, i would have reduce it to 1 year. Great strat....

  • @jtzu5665
    @jtzu5665 4 месяца назад

    What if in my country the bank doesnt provide helocs. What should use

  • @jaylovestesla1099
    @jaylovestesla1099 4 года назад

    So when u buy the 2nd house u buy it in full price and not mortgage right

  • @generoberts4331
    @generoberts4331 3 года назад +1

    He helped me
    with my
    mortgage bills

  • @TheFather246
    @TheFather246 5 лет назад +45

    HELOC ruined my life first of all interest is open-ended on a HELOC so banks get to charge whatever they want for that day so I got into an argument with the banker so he demanded I pay back the HELOC in full if you are considering this please read fine print

    • @sandeepchopra9145
      @sandeepchopra9145 5 лет назад +1

      what does Kris have to say about this

    • @alexg8460
      @alexg8460 5 лет назад +2

      I thought it was fixed and you have 10 years to pay off?

    • @michaelnguyen3461
      @michaelnguyen3461 5 лет назад +3

      Alex G it depends on the terms of the HELOC. It’s essentially a 30-year amortized loan that is variable for the first 10 years, and then fixed the last 20 years (if unable to payoff within first 10 years).
      Source: I’m a licensed lending officer.

    • @karlchristen
      @karlchristen 5 лет назад +3

      I say BS on this story. I was a licensed loan officer for over 10 years and in the industry 10 more and I don't know any banks calling HELOCs early. They can freeze the credit lines, or if you are at the end of your interest only period they can turn it into a 15, 20 or 30 year. But you just made that up about the banker.

    • @kandipinkston5614
      @kandipinkston5614 4 года назад +1

      Thanks for sharing and banks change rates like people change socks

  • @iliari09
    @iliari09 4 года назад +4

    Hey Kris you fail to explained the Debt to Ratio that is needed to qualify for another mortgage.
    other then that everything you said is easily doable.

  • @MartinSal
    @MartinSal 4 года назад +1

    So you can use a HELOC to invest in another house ?

  • @GETM0NEY168
    @GETM0NEY168 5 лет назад +11

    I like how he says you can just buy these house as if the bank doesn’t actually look at your debt to income ratio. For me in my shoes I have 20k in equity but can’t buy another home due to my dti ratio being at 39% already with my first house

    • @hurt1704
      @hurt1704 4 года назад +3

      GETM0NEY168 that means you need other streams of income to compensate. Also, you are house poor.

    • @mp7131
      @mp7131 Год назад

      You spent too much on your primary

  • @MrChazasaurus88
    @MrChazasaurus88 4 года назад +10

    I'm still not clear on how to come about the investment property with a 20% discount.

    • @eddier115
      @eddier115 4 года назад

      Foreclosure

    • @grantrmoore
      @grantrmoore 3 года назад +1

      As an investor u should NEVER buy a home without it being 10-20% off.. Hire a real estate agent if need be. One that works with investors. Tell them exactly what u need. NEVER just buy A HOUSE... buy THE house

    • @sonngo3041
      @sonngo3041 6 месяцев назад +1

      Investors house have to put down 20% down payment

  • @Cicada-Reborn
    @Cicada-Reborn 5 лет назад +8

    Most people don’t think about the recession that’s bout to happen

  • @jimmy08hockey
    @jimmy08hockey 3 года назад +1

    I would be doing this like crazy like 10 years ago not in this market. Be patient pay off all debt

  • @IRONTOSS
    @IRONTOSS 4 года назад +1

    would love to learn more! lmk how you can help me do this and possibly work with you.

  • @KirstyMason-w8l
    @KirstyMason-w8l 11 месяцев назад

    What about CGT? We have that in Aust, tax on any gains on investments 😢

  • @mauricio-from-chi-town
    @mauricio-from-chi-town 3 года назад +1

    Can I do this in reverse, take out the equity to buy a bigger home I want to live in and rent my home I took out the heloc on?

  • @predator1820
    @predator1820 2 года назад

    Management is very important if your gonna do this

  • @anthonydias8403
    @anthonydias8403 3 года назад +26

    I sure this advice worked in 2008.

  • @jasonhalbert8279
    @jasonhalbert8279 5 лет назад +1

    What happens if the market tanks?

  • @ryangiraud356
    @ryangiraud356 4 года назад

    You forgot the most important part. A heloc is an adjustable interest rate based off nothing but your banks attitude. Home equity loan will at the least have you locked into the interest rate the bank gives you.

  • @Lecastar
    @Lecastar 5 месяцев назад

    The level of risk in this scenario is not for the average American. Continue paying off your mortgage and when paid off, save and buy the other property for cash. This scenario works for some... but unless you have a million in retirement / other investments, not for the average person.

  • @dhanushn5231
    @dhanushn5231 4 года назад

    Kris how can you get many loans at a time???

  • @animalchin5861
    @animalchin5861 5 лет назад +14

    Now talk about being a landlord and how to do repairs on all of your properties......... oh you have a website I have to pay you for, to do all this investing..... weird you need that web business with your booming realestate business.....

    • @James-yi1vk
      @James-yi1vk 5 лет назад +3

      This is another income stream for him. You didnt have to pay him for this free video he made right? jeeze.....

    • @karabo933
      @karabo933 4 года назад +2

      You won't become a billionaire by giving stuff for free. Be grateful this video was free, education is expensive

    • @kito1san
      @kito1san 4 года назад

      @@karabo933
      Well. There are tons of these ideas and ways to invest at the library. What is expensive is when you want someone hold your hands through it and can rely on someone live who may give you a false sense of success to look up to. That is where it gets expensive, the false mental support you think you are getting. But technically it does work, if you see through it all with the types of strategies.

  • @blanco1301
    @blanco1301 2 года назад

    The heloc payments doesn’t start right away I think after 3-2 years it becomes fixed at a certain percentage

  • @phanminhhoang2933
    @phanminhhoang2933 4 года назад

    life changing video
    thanks chris for your investing knowledge

  • @kimkirksey562
    @kimkirksey562 2 года назад +1

    I was told NEVER borrow off where you sleep

  • @SchoolofPersonalFinance
    @SchoolofPersonalFinance 4 года назад +1

    Man...i love real estate investing but...20% Discount....5-8% appreciation...its all just so easy. No...its not.

    • @kito1san
      @kito1san 4 года назад +1

      Unless you are a slickster and also a hype up salesman.

  • @luciagarcia4913
    @luciagarcia4913 4 года назад +5

    I live in California.. it’s hard to find this. You need to qualify ..

    • @nataliegrah8034
      @nataliegrah8034 4 года назад

      Lucia Garcia hi Lucia, I live Texas. Dirk Hess helped. Now I have my mortgage debt of over 300k cleared and made huge millions dollars in my account in years. All he does his pure hacks. He replies fast on his mail forums legionofgloomhackers at Gmail dot com

  • @woodaustin8087
    @woodaustin8087 4 года назад +2

    Looks great in paper reality sucks is homes don't go up always, next home maintenance comes as a cost, why not show a real example like apples to apples than on a sheet

  • @irietropicals4255
    @irietropicals4255 2 года назад +6

    Let’s just say, this is how the housing market imploded in 2008 😂

  • @athleticglow5564
    @athleticglow5564 6 лет назад +10

    Amazing video, I just found your channel and so glad I did

  • @mariobmxo183
    @mariobmxo183 4 года назад

    Hey chris... question... I got a mortgage $2835 monthly payment.... loan amount was 369,000 at 4.99% interest rate...they offering me a lower rate at 3.5% and lower monthly payment which is $2532.. this is refinancing with the same lender . I do not have to pay any fees at all.. my current balance now is $359000 with almost a year old mortgage.. if I take the refinance with same lender I will start over 360 months term and my loan will be $365,00 .. DO YOU THINK THIS IS SOMETHING I SHOULD TAKE??

    • @theAppleWizz
      @theAppleWizz 4 года назад +1

      There are fees to be exact $6,000 I would suggest to shop around. 5% is to high

  • @tianhu9079
    @tianhu9079 4 года назад +2

    how are you gonna take a 50k line of credit as a downpayment for the investment property and get qualify for a mortgage for the investment property with existing income. you wont be able to do this unless your income is 6 figures if not more. so this isnt even really applicable to the average middle income family

    • @tianhu9079
      @tianhu9079 4 года назад +1

      just very misleading that he makes it sound like everyone can do this

  • @joshm3064
    @joshm3064 5 лет назад

    I love the way this guy talks!

  • @thefrugallifehacker1225
    @thefrugallifehacker1225 3 года назад +1

    How about paying off your 200k mortgage in two years by using a rental to pay off the monthly payments and save monthly as much as you can for two years. It works and you can too.

  • @antarahibnshaddad7725
    @antarahibnshaddad7725 3 года назад +1

    This man will have you filing bankruptcy

  • @roundedges2
    @roundedges2 5 лет назад +9

    50% DTI required to qualify besides equity

  • @loadnlock357
    @loadnlock357 4 года назад +1

    Omg don't do this people unless you are prepared to lose thousands. This is the most risky investing strategy i have ever heard of seriously

  • @darkknightskiy
    @darkknightskiy 3 года назад

    What about taxes and if you can’t find renters for multiple years? There’s so many loop holes in this plan.

  • @stayreal5083
    @stayreal5083 3 года назад

    Where do you live. Because in California putting $50,000 is like putting down $1. You must be talking about buying a fixer upper because it takes forever to get that decent amount of equity.

  • @jamesdriscoll5900
    @jamesdriscoll5900 4 года назад +1

    Market goes up - you pay off your house early. Market goes down - you don’t have a house to pay off!

  • @appleforever6664
    @appleforever6664 3 месяца назад +1

    Dave Ramsey would not approve.

  • @justme135
    @justme135 4 года назад +1

    Smart guy

  • @getabettercartitleloaninca9122
    @getabettercartitleloaninca9122 5 лет назад +1

    I am sure many can benefit from this info thanks for sharing.

  • @aman888
    @aman888 5 лет назад +6

    No way this will work in a city like Vancouver.

  • @danielcachafeiro2590
    @danielcachafeiro2590 6 лет назад +4

    What happens with the new tax laws about the HELOC is not refundable if it is not invested on the same home?

  • @SLVBULL
    @SLVBULL 5 лет назад +1

    This won’t work in Australia. You’ll pay 20% over market for the property. Too many hypotheticals. What happens if I won lotto. Well you grab only $300k of your winnings to pay off your house and invest the other 25 million in a term deposit. Works 100%. You just need to win lotto first.

  • @oceans2533
    @oceans2533 4 года назад +1

    The bank always asked how you are going to pay the loan back. SO the 500 per week has to pay the revolving credit line PLUS the mortgage on the second home. IF THE bank is relying on the rent of the second house to pay them back that is not enough. You need to have further income of your own. Also properties continue to go up. What happens if the economy crashes?

  • @09Germ
    @09Germ 5 лет назад +1

    This video was very interesting. Never really thought about that idea but it sounds interesting and less complicated than other ways of using heloc to pay off mortgage.

  • @ericdvelasquez
    @ericdvelasquez 6 лет назад +3

    Thanks again Kris! You're very inspiring and motivating me to purchase another investment property! I'm glad that I came across your channel a couple weeks ago! Very helpful videos, keep up the great work!!!

    • @KrisKrohn
      @KrisKrohn  6 лет назад +2

      Thanks Eric! Glad you like it.

    • @robbertboos9311
      @robbertboos9311 6 лет назад

      how is working with investmants Eric ?

  • @ccdecastro
    @ccdecastro 2 года назад

    We make additional $500 to the principal Every month and throw bonuses and tax returns at the house .

  • @bhupesh0111
    @bhupesh0111 4 года назад +1

    Paying off something available u at 4% while u can make 10-12% with the same..is a foolishness.

  • @originalmikestinson
    @originalmikestinson 4 года назад

    Wouldn't you have to pay back the remaining 60% on the second property with the remaining $300?

  • @asidandfamily6290
    @asidandfamily6290 4 года назад

    Thank u for the information.

  • @tommymartinez1179
    @tommymartinez1179 Год назад

    Even the cat is paying attention 👍🏼

  • @friedchicken1650
    @friedchicken1650 4 года назад

    whats a equity growth market?
    2:46

  • @dtsa2465
    @dtsa2465 3 года назад +1

    Kris can charge thousands but he has reached the pinnacle of the property empire and now he is reaching back and helping others !! He should get those AOs, OBEs etc from the Aust Govt !!!

  • @xinchen199
    @xinchen199 5 лет назад

    After 5 years, the 30years mortgage property's price has been rising up to 20%....you get this small house free..

  • @kristaladcock7194
    @kristaladcock7194 3 года назад

    Noone ever mentions 20 years loans ...:/

  • @Faisal0729
    @Faisal0729 5 месяцев назад

    This does not apply for most homeowners. A lot of assumptions that are much more difficult to execute in real life, not ro mention finding an investment grade property is like finding a needle in a haystack.

  • @ek07305
    @ek07305 6 лет назад +4

    Great info. I heard the details of it from my Real Estate professor who was teaching this at Trump University. My question is, what is the life of the Heloc? Having real numbers would have helped, when you say you pay back your house with the $50k, there is still some balance left off of the mortgage. Do you pay it off with out of the $180k? How often do you buy and flip the investment properties within the 5 years?

  • @wealthfinder192
    @wealthfinder192 3 года назад +1

    You would be better off setting up an LLC so if it all crashes Dave Ramsey style you are protected.

  • @Frank-it9kl
    @Frank-it9kl Год назад

    Where are these 20% off homes u spoke of.

  • @VGreggUndercover
    @VGreggUndercover 3 года назад +1

    If only that would work in this sellers market 😞

  • @dayronymelany6845
    @dayronymelany6845 6 лет назад +7

    Hi Kris!! I have been watching your videos for a bit now and i have learned A LOT. I actually got my house about a month before i saw your channel :( and i wanted to know, how would i know the equity i got in my home?

    • @BS-ei1hk
      @BS-ei1hk 5 лет назад

      How much was the house? And how did you buy it? I cant find houses worth 100k. Would be really happy for a response 😌

    • @adamrobson4424
      @adamrobson4424 5 лет назад

      The equity is the difference between the value of the house and the mortgage

    • @hugosolis2054
      @hugosolis2054 5 лет назад

      @@adamrobson4424 *.. the difference between the value of the home and what you owe

  • @sgomez8194
    @sgomez8194 6 лет назад +6

    this is exactly what i was looking for. great explanation!

  • @livingaboard
    @livingaboard 4 года назад +2

    Remind me of that Don lapier guy that was doing infomercials on the works greatest vitamin. He ended up killing himself though

  • @roderichwithnell8039
    @roderichwithnell8039 5 лет назад +4

    This doesn't work in Australia

    • @AdeyemiAdeola.
      @AdeyemiAdeola. 5 лет назад +1

      Roderich Withnell hackaz101@gmailcom

  • @meazi01
    @meazi01 5 лет назад

    Smart man and great idea

  • @sakimtornado
    @sakimtornado 6 лет назад

    Anybody can help me. Who would buy a house with outstanding mortrage of 20plus yrs plus the deposit?

  • @martinmowbray6448
    @martinmowbray6448 5 лет назад +1

    This all assumes there’s no housing crash. Prices can’t rise forever.

  • @generoberts4331
    @generoberts4331 3 года назад +1

    Thank me
    later

  • @nedcpa
    @nedcpa 5 месяцев назад

    The assumptions from this six-year-old video seem unrealistic in May 2024. With HELOCs rates at 8-9% and a lack of 20% house discounts in the sellers' market, this financial strategy appears less applicable today.

  • @rdonahu5
    @rdonahu5 5 лет назад +1

    Na thanks

  • @franciscomancera8359
    @franciscomancera8359 4 года назад +2

    Easier said than done. Keep dreaming

    • @theAppleWizz
      @theAppleWizz 4 года назад

      Haha many many people do this every day not a dream buddy. It just has a high risk but it not a dream.

  • @hollypaige7283
    @hollypaige7283 5 лет назад +4

    I need help paying my bills my credit card 💳 is on negative 😩😩

  • @PNWresistance
    @PNWresistance 4 года назад

    Imagine doing this and now because of this pandemic you’re not earning that rental income 😂

  • @ivanraimi5524
    @ivanraimi5524 4 года назад +6

    That's too complicated and risky

  • @bclp52
    @bclp52 2 года назад

    debt does not equal gains !

  • @lataushabonner6424
    @lataushabonner6424 5 лет назад

    i still didnt receive my book after 2 months, but i wont let that discourage me. I know what he talks about works and im going all in.