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investing videos for beginners
- By - Dylan D. Davis
- Posted on
- Posted in Finance & Investing, Finance & Investment, Finance and Investing, Finance and Investment, Finance and Investments, How To Lessons, Investing, Investing and Trading, Investing Videos, Stocks and Investments, Trading and Investment, Trading Education, Trading Strategies
- 44 Comments
@AnthonyIsToeKnee
Not another leveraging debt influencer 🙄🙄🙄
@stephenkolman5727
Where is the refinance?
@RaxXxvell
No
@rocketboyjv5474
Thos makes no sense to me. Also from what I understand, refinancing does not involve buying multiple houses when you already have one.
@Azkadaz
This is not refinancing at all.
@DimaSan20
You lost me after "let's say you have a house"
@buffalobill9958
I think first graders are aware that's not what refinancing is
@parrainxable
How is this refinancing? You’re just borrowing money for other houses by putting up your property as collateral or if that house is still under mortgage then you’re just getting a Home Equity Loan (HELOC). That’s one way to loose everything when things don’t go perfectly right.
@burntblonde2925
And here I thought you only get 80% of the EQUITY……I think the math needs rechecked…that home is not paid off
@GregLewisdually
So awesome 🎉
@MsPinkston
This is a cash out refinance or a HELOC when you take out a loan against the equity in your current home. You are creating more debt. The interest rates are usually higher for your HELOC and you still have to pay your first original mortgage. There's no guarantee that you will get renters to cover the amount of the mortgage on your new property or properties.
@carterstanley397
Step two, find houses for $100…
@jalamela1480
This is Not refinancing. Lol 🤣 this is either a HELOC loan or cash out refinance, but u are missing the most important thing and the number 1 reason most people refinance is the INTEREST RATES.
You need to stop misinforming people. Please don’t tell me you are a financial advisor or a mortgage loan officer.
@RaDiCSpHeRe
So now from $0 debt, you owe the bank $320 ($80 x 4) and for whatever reason the market or conditions don't work out, your stress level goes thru the roof😅
@Syllabus1997
Congrats the 2008 financial crisis in a nutshell.😂😂😂
@SoCalBrian
Is this cash out refinance?
@Link12Fox
And 4 mortgages?? That seems risky if you cant get renters in there soon
@PureDay
But you now owe $400 and you make $5 a year lol
@BlaqEngineer
More like 70%. 30% give them full market value protection just in case you default on the equity loan. Then you have to pay monthly payment on the 70% of the equity loan. Crazy work on the backs
@willwatson3343
Downvote from me, this is not what refinancing is
@SyndaxSystem
😮 nice
@jacobfk20
This is equivalent to a perpetual motion machine. The bank will probably give you the $80 loan, but at best, you can buy a $60 home and give it the ol' landlord special for $20.
@AzamKhokhar-rl1io
Can i still sell the houses which i down payment during the process
@smilethegamer
If i don't have a house what to do… answer me…
@CaseyS555
So wrong 😂
@mitchellmilbury524
Terrible example
@picknmix39
Then the market drops 20% and you have nothing in the bank, no equity in your properties and you owe 320 dollars to the bank
@BunnyRabit-yo3lx
No because they look for serviceability which includes a range of factors including your income. If you don't have enough income you will be too high risk. You have to "qualify."
@theonionator1124
And the goal would be to have all three of the new houses pay for themselves and have enough left over to pay the refi payment, correct?
@patrickpatterson3239
Now you got 4 interest bearing loans 😂😂😂
@Motivational200
How will you service the loan ?? Unless these houses are on rentals/ leases !!
@mohammadbencherqui7672
The Easiest way to jail
@pingpung4
So you still need the bank to approve for the other 3 loans, and how do you do that?
@Juliawatiwang
What’s not explained is how you can keep the four houses. This can only work if you have a boatload of cash every month to keep up with the mortgages. Or you can rent it out. But it comes with the risk of not having tenants all the time.
@lexWest612
Still don't get it lol
@EdwinRosario432
This has NOTHING to do with refinancing a house.
This is taking out a loan and using your house as collateral.
You're in shit tons of debt, have ridiculous high recurring expenses and if a tenant misses ONE payment (IF you're even renting these properties), you jeopardize ALL your houses if you can't absorb that cost.
This is one of the absolute dumbest things you can do for a couple of reasons. #1 you need a lot of capital to absorb costs that cash flow wont/can't cover. If you had that money to begin with, you wouldn't need the loan. #2 the interest rate is going to be absolutely critical on the terms of these loans. The more loans you have, the worse each rate will be. #3 this will only work during good economic times. During hard times, you better be able to pay for all the expenses of all the houses or else you risk everything when the bank forecloses because you can't find tenants/circumstances are unfavorable.
@azharshariffindia5082
How will u pay that back
@ryanjames1575
And when a crash, recession or depression comes, you are in doo doo
@PappPolo773
That’s a heloc bro
@misaeljaimes6388
And now you have 4 Mortgage payments to make: and $400 dollars in debt
@MISSIONDDR
That's how u get in a debt trap 🪤
@onlypositivecontents
Where are they letting up put 20% down on rental properties,, though you can only get 1 Mortgage for personal home
@Rascal8372
“Stupid is as stupid does.”— a fictitious quasi-special person.
How dumb can people be? The economy and globe are all over the place. It’s time to be smart and remember 1929. Have a big wad sitting still slow earning for emergency, have the rest spread all over in the market. Buy property cash and be ready for the worst. Debt is not a friend for what’s to come.
@aFreeman0409
Great, if you did this in 2020