I Am In $25 Million Worth Of Good Debt
I Am In $25 Million Worth Of Good Debt
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The speaker is in debt of 25 million dollars, which costs them 127,000 dollars a month in mortgage payments. However, they also own assets worth 42 million dollars, which means they have 17 million dollars of equity. The debt also owns real estate assets that bring in 287,000 dollars a month in rent. After subtracting the mortgage payments, the speaker gets to keep 160,000 dollars every month. This debt covers their assets and creates wealth for them.
The speaker is in debt of 25 million dollars, which costs them 127,000 dollars a month in mortgage p