Refinancing?

Xerobull · Mar 24, 2021

Space Ghost said: ↑

I dont want to hijack the thread, but .... An ideal scenario is to keep your primary residence fully leveraged with ultra cheap debt. For those who have digital assets could leverage them to buy a 'retirement home' in cash in the event **** hits the fan. You then rent it out. For me, I'd choose a condo on some nice Florida beach. It would give me ultra high rents and low maintenance. Since my digital asset loan security doesn't follow an amortization schedule, all I have to do is pay the interest each month and only add to the principle whenever I wanted. So if my condo is pulling $2500 a month (net), all I have to do is pay my interest only. (lets say I have a loan valued at 250k @4%. That is $833.00). I can then either put the remaining balance ($1660) towards principle or purchase of new digital assets. When the market is low, I put that money towards purchasing new digital assets. When the market is high, I put it towards principle. When you're having 25% swings from month to month, much value can be built.
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You’re 100% correct. Home equity that isn’t leveraged is ‘dead equity’ and worth as much as my comic book collection sitting in a closet.

Two Sandwiches · Mar 24, 2021

Space Ghost said: ↑

I dont want to hijack the thread, but .... An ideal scenario is to keep your primary residence fully leveraged with ultra cheap debt. For those who have digital assets could leverage them to buy a 'retirement home' in cash in the event **** hits the fan. You then rent it out. For me, I'd choose a condo on some nice Florida beach. It would give me ultra high rents and low maintenance. Since my digital asset loan security doesn't follow an amortization schedule, all I have to do is pay the interest each month and only add to the principle whenever I wanted. So if my condo is pulling $2500 a month (net), all I have to do is pay my interest only. (lets say I have a loan valued at 250k @4%. That is $833.00). I can then either put the remaining balance ($1660) towards principle or purchase of new digital assets. When the market is low, I put that money towards purchasing new digital assets. When the market is high, I put it towards principle. When you're having 25% swings from month to month, much value can be built.
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This is something I tried to seel my wife on a few years back. She's a bit uncomfortable still. It's a future goal of mine. Not sure if I can convince her though.

Xerobull · Mar 24, 2021

EddieWasSnubbed said: ↑

This is something I tried to seel my wife on a few years back. She's a bit uncomfortable still. It's a future goal of mine. Not sure if I can convince her though.
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Buy your next house solo. (Sort of kidding, makes paperwork easier if you don’t need your wife’s credit/income)

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Refinancing?

Xerobull You son of a b!tch! I'm in!

Two Sandwiches Contributing Member

Xerobull You son of a b!tch! I'm in!

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