I’ve been enjoying the coaching calls videos! You should post more of those! I haven’t watched the extended versions of the turnarounds because I feel that I already got the value when I watched the turnaround video. I also tend not to watch the ones with copilot because I have a feeling that the objective is to sell copilot on that video. Just a quick feedback in case anybody commented that before :)
Awesome. But I'm confused about one can pay just the interest and after the 5 years you now own the principal? Is this interest only loan? Wouldn't the principal still be owed to the bank?
Hey Lloyd, so basically you own it in the sense that you have fully paid the 10% interest on the loan or whatever the rate is and now it’s just the principle moving forward so its the same as taking money and moving it into a different account. It’s just a Wash. That why it wont show on the P&L sheet
Thanks Mike, happy thanksgiving brother 🍁🦃
PHENOMENAL video, thank you tremendously for sharing this with us Mike.
Lots of wisdom on this call.
More of this Mike!!
This info is golden!
Glad it was helpful!
Thank you guys for the video. I'm a long way away from this, but I always project into the future, so I can't help but think of future issues.
I’ve been enjoying the coaching calls videos! You should post more of those!
I haven’t watched the extended versions of the turnarounds because I feel that I already got the value when I watched the turnaround video. I also tend not to watch the ones with copilot because I have a feeling that the objective is to sell copilot on that video. Just a quick feedback in case anybody commented that before :)
Awesome. But I'm confused about one can pay just the interest and after the 5 years you now own the principal?
Is this interest only loan?
Wouldn't the principal still be owed to the bank?
Hey Lloyd, so basically you own it in the sense that you have fully paid the 10% interest on the loan or whatever the rate is and now it’s just the principle moving forward so its the same as taking money and moving it into a different account. It’s just a Wash. That why it wont show on the P&L sheet