Gooooooooood Debt Baby!
Gooooooooood Debt Baby!
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The speaker is in debt for 25 million dollars, owing banks and private lenders over 125,000 dollars every month. However, on the asset side, the speaker owns real estate assets worth over 42 million dollars, resulting in over 17 million dollars in equity. These assets are all rental properties, generating over 280,000 dollars in rent every month. The speaker believes that sometimes debt can be used to create wealth.
The speaker is in debt for 25 million dollars, owing banks and private lenders over 125,000 dollars