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Updated about 5 years ago on . Most recent reply

Dustin Sanders's profile image
Dustin Sanders's profile image
Dustin Sanders
  • Realtor
  • from Pensacola, FL
  • Member since Aug 21, 2019

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Dustin Sanders's profile image
Dustin Sanders's profile image
Dustin Sanders
  • Realtor
  • from Pensacola, FL
  • Member since Aug 21, 2019
Dustin Sanders
  • Realtor
  • Pensacola, FL
29
Votes |
89
Posts
General Real Estate Investing

$1M in Assets or $1M in savings?

Dustin Sanders
  • Realtor
  • Pensacola, FL
Posted

I was just asked why $1M in assets is better than $1M in savings.

I believe $1M in assets is truly worth more, but I honestly don’t know why. Can someone please explain?

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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Singapore
  • Member since Mar 26, 2013
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Singapore
  • Member since Mar 26, 2013
Account Closed
  • Investor
  • Singapore
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Account Closed
  • Investor
  • Singapore
Replied

Owning 20% of a $1M property is still only 200K in assets. 200K in the bank is also $200K in assets. Saying you own $1M assets with 20% equity is like saying I own 1T in assets cause I own a few shares of AMZN!

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