All Forum Posts by: Carl Flint

@Steve Vaughan

Haha.

@Yonah Weiss

The “accelerate building wealth” is what did it for me 🤠.

@Steve Vaughan

What’s PITA?

@David Mansfield

Beautiful.

@Tony Kim

Definitely not going to purchase in Los Angeles. I am looking OOS in the Midwest. Thank you for breaking it down the way you did. I liked what you said about how banks consider real estate as the most solid form of collateral.

@Bill Brandt

It sounds like the real advantage is having more money in the bank.

@Michael Hayworth

Genius. So, having more assets is going to make you wealthier quicker than have one asset that you have 100% equity in?

@James Ma

I mean that makes sense. Basically, you aren't risking your cash reserves but rather using money from an outside source to make you a profit. Right?

@Bill B.

So, just to make sure I understand you correctly, with borrowing money in the form of loans of course I'm going to have to pay an interest (lets say 3%). This is why the average person would shy away from borrowing money if they could pay cash (that way they don't have to pay interest). However, the reason why leverage works is while you will pay back 3% interest, you are looking at likely doubling (or more) in ROI from the property. This ultimately frees up your cash to use for other things that loans may not cover (stocks, bonds, rehab, or more real estate). So, the benefit is, you can grow your portfolio and have more streams of revenue, rather than just having one on one property (even if it is 100% cash flow because you would have 100% equity).

@Dan Hoehn

Nice. You're the man!