That's not how cash flow works that's flipping. Cash flow works by renting the property so that you'd gain cash flowing into your bank account monthly.
So by your explanation, rich people get rich because of interest. I, on the other hand, who's the borrower, did not get rich. I just earned from the flipping of the property. Nice.
You forgot the taxes and costs incurred at the time of "removing the bandaid" and selling the house. This is not a true model and unrealistic. Needs more facts instead of water.
So you just described flipping houses.
M*ther f*cker whotf give you dept without mortgaging anything
Best to illustrate..understandsble nice one
Rich guy? Or bankers
It’s called usury, should be illegal.
That's not how cash flow works that's flipping. Cash flow works by renting the property so that you'd gain cash flowing into your bank account monthly.
Assuming the asset doesnt blow up in your face and bankrupt you….
So by your explanation, rich people get rich because of interest. I, on the other hand, who's the borrower, did not get rich. I just earned from the flipping of the property. Nice.
An you are still poor ????
Say you don't watch Dave ramsey without saying you don't watch Dave ramsey
Damn that so understandable
Horrible advice
This guy is an idiot if you don't buy another assest you're paying capital gains you retard
You forgot the taxes and costs incurred at the time of "removing the bandaid" and selling the house. This is not a true model and unrealistic. Needs more facts instead of water.
Ok fair
Sometimes its pure
Thanks ???? ???? very much this is very simple to understand
But how do you fix the asset with no money
And when something go wrong or something fuck up u go to jail or u gona be homles ????
Let's talk about this