Love your work. Just a note: at 5:30 your calc for rental property with 80% mortgage, you have 24k as opposed to 2.4k on screen.
@DarrenVoros2 жыл бұрын
Ahhh, thank you for the correction.
@rae7172 жыл бұрын
Great explanation using simple numbers. Always like the humour!
@annswallow22472 жыл бұрын
All good strategies Darren. I like the HELOC one.
@DarrenVoros2 жыл бұрын
Thanks Ann.
@IanWilliams83 Жыл бұрын
You made an error on you second example when calculating your cash flow with the home with 100k down. It was 2400/year not 24000/ year. So you anual total is significantly less than paying for a home in cash.
@fabiomorelli4511 Жыл бұрын
I believe there was a typo in the calculation The Cashflow should have been $2400 not $24 000 annually however his total of $29 400 is correct based on $2400 annual cashflow
@mayl44407 ай бұрын
Can the first topic mentioned be useful if the mortgage rate is higher like in 2023?
@IanWilliams83 Жыл бұрын
Oh your total was correct, just confused me there.
@Dhuzunga2 жыл бұрын
Love this
@DarrenVoros2 жыл бұрын
Thank you so much for watching.
@monikaleszko53432 жыл бұрын
Ok so now I know I can buy furniture for my new place using their credit card ( no interest for a year ) and grow my credit score even more 🙏🙋🏼♀️ winning !! I hope ikea has one lol
@DarrenVoros2 жыл бұрын
That's the idea!
@ritahogikyan8560 Жыл бұрын
👍👍👍 Your Awesome !
@DarrenVoros Жыл бұрын
Thank you Rita!
@HipChey Жыл бұрын
Would love to see this same breakdown but with 2023 interest rates.
@DarrenVoros Жыл бұрын
Challenge accepted!
@gabrielyam14882 жыл бұрын
Thanks for the videos Darren, always very educating! Question, where do I go to find these private lenders? I’m in my late 20s and I want to get into real estate investing.
@user-fc9gf5ou4b Жыл бұрын
I didn't get the math part can you help me understand 12k+24k+15k = 29k ?
@JosephKimJoeyBigTime Жыл бұрын
where do you find the people willing to pay 12% interest on the loan you give them using your heloc?
@suenorton59042 жыл бұрын
Thanks! If I take a Heloc on my primary residence and invest in a rental property or JV or Private REIT- are the interest payments on the HELOC tax deductible ?( I am not incorporated).
@RPLVID20122 жыл бұрын
Yes. As long as you are investing outside a tax shelter. Like RRSP,TFSA. Keep a paper trail. My CPA does it for me.
@michaelfarah2588 Жыл бұрын
Please note at 5:30 minutes of the video it is 2400 not 24000, however, the final answer is correct.
@tonyshaw74202 жыл бұрын
I have a LLC (oilfield contractor) is it a bad idea to add real estate investing for rental income to it? Or keep it as its own company? Not much liability in my contracting company, just my pickup truck.
@Gibatony Жыл бұрын
sound like robert
@presentowner31982 жыл бұрын
Mindbuildingsolutions approved! Excellent content and video.
@presentowner31982 жыл бұрын
(Subscribed.)
@monikaleszko53432 жыл бұрын
Darren, Thank you for all your knowledge Can’t wait to invest and be financially free one day and live on the beach haha 🏖
@DarrenVoros2 жыл бұрын
That's the dream for many people. Set goals and reverse engineer them. You'll be there in no time.
@SureshKumar-ei2bw2 жыл бұрын
Is the masterclass videos?
@DarrenVoros2 жыл бұрын
Hi Suresh. It's online learning and live coaching. I'm running a promotion until Sept 6th. Message me if you're interested in it.
@austinfaulkner3918 Жыл бұрын
You made a massive miscalculation. You stated you’ll make $2,400 per year with a $200 positive cash flow. In your calculation you wrote $24,000, overstating your ROI massively.
@DarrenVoros Жыл бұрын
I'm human. We make mistakes. But I appreciate you letting me know.