Brian Orlando
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then it is a really long term play.
I mean, it
This is so minimal, these little chunks of debt that slowly add up on this home equity line of credit on your rental over time.
Over 10 years, that interest right off of deductible interest can add up.
But again, it is like a really, really long-term strategy.
Yeah.
You want to have everything in order.
That one tracing becomes even more challenging, having a separate bank account set up.
There's just a lot more moving parts to trace through.
Those ones are a little bit trickier when you get into an audit situation and involve a lot of tracking and involve a long timeframe.
So you kind of have to stick with this strategy, whether it's you or your partner doing it.
you kind of have to be aligned over a really long time period.
And, you know, when you're talking about 10 years, there's going to be, you know, a downturn in the market at some point in that period, again, that you just hit on.
And it's, it's one of those situations where you think you can handle the smoke and the fire and now that things are comfortable, but then when the market dumps or drops, you know, 10, 20, 30%, it does get tricky.
It's scary.
And headlines are going crazy and everything like that.
And,
You just kind of have to maintain these positions, keep the maneuver going and everything.
Honestly, just creating a plan of like figuring out with someone what their goals are, why they're trying to build this plan.
A lot of people have that goal of retiring early and everything like that.