“If you got a 95% loan on 1.5 mil, it would be a $1.425 million loan… you would need, like, $220,000 a year for the bank to give you the loan.”
PN
Pat Noll
Equity Mates Investing Podcast ·
“His father's name stayed off the loan. By the next morning, he was sitting with the bank's regional supervisor, a man who would rise to run the whole bank as Casey rose alongside him. Casey got his credit on his own signature.”
Casey Irving · The Knowledge Project · K.C. Irving: Competing with Giants
Play from 22:15
22:15
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
used a rival bank manager friend to obtain a loan with his own signature, keeping his father's name off the loan
Said nearby on the same subject
“I always like to, I think loan term is probably the most important for a business loan. Because often the loan term, if there's like a part of it that's unsecured, or there's not so much security, the bank may want say a five-year loan term”
♫
Said on The Deal Room
“Never loan family money under any circumstance. Never loan friends money under any circumstance. If you have the money and you think they need it and you want to give it to them, give it to them.”
DR
Dave Ramsey
The Ramsey Show ·
“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 ·
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