“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
AG
Aidan Gullman
Financial Autonomy ·
“You are paying people one basis point and taking in 275 basis points of revenue… they were self-funding after a relatively short period of time”
Complex Systems with Patrick McKenzie (patio11) · Why banks pay you to use their credit cards
Play from 21:42
21:42
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What was described
offered ultra-low-rate unsecured consumer loans to attract new deposit accounts, then used those deposits to fund the loans
1 basis point cost, 275 basis points revenue, 1.5% rebate on purchases
Said nearby on the same subject
“Offset account… loan limit minus what you've got in your offset account… $500,000 loan, $100,000 in savings… charged interest on $400,000”
PN
Pat Noll
Equity Mates Investing Podcast ·
“Over 70% of the loans that we will originate this year will be loans that we characterize as off-market or preferentially sourced loans with those borrowers.”
IC
Invesco Real Estate Credit
Capital Allocators - Inside the Institutional Investment Industry ·
“Different sub-accounts under the same loan facility, each with its own statement and balance… loan contamination… ATO can disallow deductions”
AG
Aidan Gullman
Financial Autonomy ·
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