OFRE S56: Amortization, we love it and you should too!
Old Fashioned Real Estate Show
English - April 04, 2021 20:50 - 11 minutes - 21.7 MB - ★★★★★ - 19 ratingsInvesting Business Entrepreneurship investing realestate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: OFRE S55: Three Rules Every Real Estate Investor Needs to Know
Next Episode: OFRE S57 Learning to Appreciate Appreciation
Amortization is one of the most important ways you can make money in real estate. Paying down debt is a super powerful wealth generator. If you don't understand amortization and compounding interest you need to watch this episode of the old fashioned real estate show. Amortization tables can be done in excel but you can also google mortgage calculators and download a free one. All you need to know is the starting balance, the interest rate and the term and you can see how much you pay off each year.
Brian and Jeff love amortization and you should too. Every month we get richer because of the debt pay down