Jon Grauman

Buy, renovate, rent.

Buy, renovate, rent.

Like buy a property where there's value add opportunities, renovate to add that value, which thus should increase your equity, and then refinance based on that equity because you'll have a lower LTV and hopefully a lower mortgage payment, or a lower interest rate and a lower mortgage payment, and then use that leverage to go buy more.

Like buy a property where there's value add opportunities, renovate to add that value, which thus should increase your equity, and then refinance based on that equity because you'll have a lower LTV and hopefully a lower mortgage payment, or a lower interest rate and a lower mortgage payment, and then use that leverage to go buy more.

Like buy a property where there's value add opportunities, renovate to add that value, which thus should increase your equity, and then refinance based on that equity because you'll have a lower LTV and hopefully a lower mortgage payment, or a lower interest rate and a lower mortgage payment, and then use that leverage to go buy more.

Yeah, I mean, that's the sort of basics of real estate investment.

Yeah, I mean, that's the sort of basics of real estate investment.

Yeah, I mean, that's the sort of basics of real estate investment.

I'm gonna say neither, but worth looking at.

I'm gonna say neither, but worth looking at.

I'm gonna say neither, but worth looking at.

No, totally different. So, okay, so mortgages, this is just this might be a snooze fest for some people, but, and I only know all this by the way, because I was a mortgage broker for eight years. That's why I can speak this language fairly fluently, is that mortgages are amortized over a certain period of time. It's generally 30 years. That's why people know of a 30 year fixed.

No, totally different. So, okay, so mortgages, this is just this might be a snooze fest for some people, but, and I only know all this by the way, because I was a mortgage broker for eight years. That's why I can speak this language fairly fluently, is that mortgages are amortized over a certain period of time. It's generally 30 years. That's why people know of a 30 year fixed.

No, totally different. So, okay, so mortgages, this is just this might be a snooze fest for some people, but, and I only know all this by the way, because I was a mortgage broker for eight years. That's why I can speak this language fairly fluently, is that mortgages are amortized over a certain period of time. It's generally 30 years. That's why people know of a 30 year fixed.

If it's amortized over 40 years, it just means that the amortization period gets spread out further and thus the payments along the way are smaller.

If it's amortized over 40 years, it just means that the amortization period gets spread out further and thus the payments along the way are smaller.

If it's amortized over 40 years, it just means that the amortization period gets spread out further and thus the payments along the way are smaller.

But you're absolutely paying more interest in the long run, but you have a shorter payment, a lower payment in the short term, which is what matters to most people. Conversely, if you have a 15 year, you're paying it back in half the time. So if you're flush with cash and you can afford the significantly higher payment, great.

But you're absolutely paying more interest in the long run, but you have a shorter payment, a lower payment in the short term, which is what matters to most people. Conversely, if you have a 15 year, you're paying it back in half the time. So if you're flush with cash and you can afford the significantly higher payment, great.

But you're absolutely paying more interest in the long run, but you have a shorter payment, a lower payment in the short term, which is what matters to most people. Conversely, if you have a 15 year, you're paying it back in half the time. So if you're flush with cash and you can afford the significantly higher payment, great.