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086 How to use Debt to Make more Money
OPM Mastery
English - February 01, 2017 18:01 - 28 minutes - 19.6 MB - ★★★★★ - 53 ratingsInvesting Business realestateteam rentalproperties retirement coaching entrepreneur fixandflipping housing interview investing realestate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On this episode of the InvestFourMore Real Estate Podcast I talk about debt. I hear how bad debt is all the time. How debt ruins lives, how it ties down people, and how the banks are the only ones that benefit from debt. I have a completely different view about debt. I love debt! You have to be careful how you use debt, but if used right it can make you much more money than paying cash for everything. I have debt on my personal house, 13 of my 14 rental properties, 15 of my 16 flips, and on a couple of my cars. I do not consider any of that debt bad, because I can use the cash from that debt to make much more money than the debt costs me. On this podcast I talk about why debt is not scary or bad, what type of debt is the best to use (Arms, 15 or 30 year mortgages), and how to find a lender that will lend you money.