Dustin
👤 PersonAppearances Over Time
Podcast Appearances
Well, he said that was for, yeah, so, well, it does, because he has to pay tax on the interest portion of it, I think, and then, you know, on the principal, he's, you know, it's capital gains rate, I believe, because it was paid off, you know, for him.
Well, he said that was for, yeah, so, well, it does, because he has to pay tax on the interest portion of it, I think, and then, you know, on the principal, he's, you know, it's capital gains rate, I believe, because it was paid off, you know, for him.
Yes, so to answer your question, yes, he said he talked to his CPA, and basically, if I pay it off, he will have to pay capital gains on the proceeds, yes.
Yes, so to answer your question, yes, he said he talked to his CPA, and basically, if I pay it off, he will have to pay capital gains on the proceeds, yes.
Yes, so to answer your question, yes, he said he talked to his CPA, and basically, if I pay it off, he will have to pay capital gains on the proceeds, yes.
And that's the issue. There's not. I've read over it a hundred times and it's like legally and all that. I can, you know, go pay it off.
And that's the issue. There's not. I've read over it a hundred times and it's like legally and all that. I can, you know, go pay it off.
And that's the issue. There's not. I've read over it a hundred times and it's like legally and all that. I can, you know, go pay it off.
No, yeah, he's going to make a lot of money off of it. You know, he bought it 25 years ago, so he's going to make quite a bit. I guess my worry is that I'm either going to upset my wife or my friend, right? Because it's like... Or your life, Justin.
No, yeah, he's going to make a lot of money off of it. You know, he bought it 25 years ago, so he's going to make quite a bit. I guess my worry is that I'm either going to upset my wife or my friend, right? Because it's like... Or your life, Justin.
No, yeah, he's going to make a lot of money off of it. You know, he bought it 25 years ago, so he's going to make quite a bit. I guess my worry is that I'm either going to upset my wife or my friend, right? Because it's like... Or your life, Justin.
And so I guess that's going to be a hard conversation I need to have with him and say, listen, this is our goal.
And so I guess that's going to be a hard conversation I need to have with him and say, listen, this is our goal.
And so I guess that's going to be a hard conversation I need to have with him and say, listen, this is our goal.
Like you're not paying you the debt back.
Like you're not paying you the debt back.
Like you're not paying you the debt back.
He's a little older and that was part of it too. If he's like, well, you know, and he gave me a great interest rate at 4%. He's like, well, you know, I can kind of guarantee to make my 4% of that money where any, like I say, he's a little older in reality. He can just go park that in a high yield and make that. That was kind of the point I was trying to bring up to him.
He's a little older and that was part of it too. If he's like, well, you know, and he gave me a great interest rate at 4%. He's like, well, you know, I can kind of guarantee to make my 4% of that money where any, like I say, he's a little older in reality. He can just go park that in a high yield and make that. That was kind of the point I was trying to bring up to him.
He's a little older and that was part of it too. If he's like, well, you know, and he gave me a great interest rate at 4%. He's like, well, you know, I can kind of guarantee to make my 4% of that money where any, like I say, he's a little older in reality. He can just go park that in a high yield and make that. That was kind of the point I was trying to bring up to him.