“I put less money into the deal and I'm using more debt. But what I personally prefer to do is have less debt in the deal and maybe put a 15% or 20% deposit down for say something for $500,000.”
Jared Krause · Buying Online Businesses Podcast · I Analyzed 10,000+ Businesses. I Wish Someone Told Me This Sooner
Play from 6:39
6:39
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What was described
put a 15-20% down payment on a $500-$700k acquisition instead of the minimum 10% to reduce debt
15-20% down, $500,000-$700,000 price
Said nearby on the same subject
“So now we come down to the one property portfolio, we're going to assume you're putting a 10% deposit down. So $65,000 worth of deposit, we've got $585,000 worth of debt. Now to do something like this, you would need about $130,000.”
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Said on Personal Finance with Ravi Sharma | Australian Finance & Property Podcast
How they work$65,000 deposit, $585,000 debt, $130,000 total cash neededShare this moment
“My very first investment, uh, the minimum check size was actually 2,500.”
“You get 100 basis point decline in mortgage rates, you're almost down 10% in monthly payment.”
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Said on On The Tape with Danny Moses
Hard number100 bps decline → ~10% monthly payment dropShare this moment
“One of the things that teaches you something, you take, okay, our car payment is 500 bucks. Okay. Well, 500 bucks invested from age 25 to age 65 is $6 million.”
DR
Dave Ramsey
The Ramsey Show ·
Hard number$500 per month, $6 million total from age 25 to 65Share this moment
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