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10: Deep Dive: Leverage
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Takeaways
Leveraging debt as a tool for wealth building, particularly in real estate investing. Jimmy Vreeland challenges the traditional view of avoiding debt and highlights how using other people's money responsibly can maximize financial outcomes. By differentiating between consumer debt and wealth-producing debt, he illustrates how strategic borrowing, like utilizing 30-year conventional mortgages, can offer stability and low risk while promoting financial growth.
Various financing options are available to real estate investors, ranging from 0% interest business credit cards to commercial bank loans. This episode provides insights into the risks and benefits associated with each type of debt, including the concepts of recourse and risk of ruin.
Financial education is extremely important in effectively managing and leveraging debt. By understanding the mechanics of debt and the financial instruments available, investors can make informed decisions that align with their long-term financial goals.
00:01 - Wealth Building
13:03 - Understanding Mortgage Loans and Debt
24:20 - Debt and Real Estate Exploration
About Jimmy Vreeland
Jimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business.
Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.
Get in touch with Jimmy and his team at www.jimmyvreeland.com/getstartedinrealestate
More about Jimmy
Website: www.jimmyvreeland.com
Linkedin: www.linkedin.com/in/jimmy-vreeland
Instagram: www.instagram.com/jimmyvreeland
Facebook: www.facebook.com/JimmyVreeland
Youtube: www.youtube.com/@JimmyVreelandC
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