George Kamel
👤 SpeakerAppearances Over Time
Podcast Appearances
You're either giving it to a lender or to the IRS.
Pick your poison.
Where did the real estate come into play?
Because these are two different goals.
I want to build wealth, but also I want to be a real estate guru and leverage a bunch of debt.
But would you agree that getting into real estate just for tax purposes is not a good idea?
You're losing 36 grand a year because of the tax strategist saying, dude, you want to save on taxes, just leverage an Airbnb.
It'll be great.
What's left on that mortgage?
That one, 617.
And what's the mortgage on the short-term rental?
So you got, let's call it 150 grand in equity on the short-term rental you could get out?
What other debt do you guys have outside of the two mortgages?
I'm sorry?
You're a credit card company's dream.