Ken Coleman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah. And I'm not saying you need to refi, but I would at least talk to your mortgage pro on all of this or your bank because I'm assuming he's in a jumbo loan. And so I don't know what the rate difference is right off the top of my head here. And I'm not going to spend time researching it on the air here.
Yeah. And I'm not saying you need to refi, but I would at least talk to your mortgage pro on all of this or your bank because I'm assuming he's in a jumbo loan. And so I don't know what the rate difference is right off the top of my head here. And I'm not going to spend time researching it on the air here.
But I would at least be looking at that because you're going to be able to put a sizable chunk on there.
But I would at least be looking at that because you're going to be able to put a sizable chunk on there.
But I would at least be looking at that because you're going to be able to put a sizable chunk on there.
But this is an absolute no brainer. And it's very interesting to me that you asked a second time after Jade walked through it. You're like, so I should sell the house. And the answer is absolutely. And I think there's going to be people in your life who probably already told you you shouldn't. But I want to take that on. I knew it.
But this is an absolute no brainer. And it's very interesting to me that you asked a second time after Jade walked through it. You're like, so I should sell the house. And the answer is absolutely. And I think there's going to be people in your life who probably already told you you shouldn't. But I want to take that on. I knew it.
But this is an absolute no brainer. And it's very interesting to me that you asked a second time after Jade walked through it. You're like, so I should sell the house. And the answer is absolutely. And I think there's going to be people in your life who probably already told you you shouldn't. But I want to take that on. I knew it.
And by the way, every time anybody's called the show that I've been on and I've asked this question, let me let me let me destroy their their theory, if I may. Okay. Yeah, absolutely. Well, you've got an asset, and it's cash flow positive. Okay. Sound familiar? Yep. Great. Let's run the numbers. You told me that your mortgage payment on that is $1,400 a month, and you're getting $2,300 in rent.
And by the way, every time anybody's called the show that I've been on and I've asked this question, let me let me let me destroy their their theory, if I may. Okay. Yeah, absolutely. Well, you've got an asset, and it's cash flow positive. Okay. Sound familiar? Yep. Great. Let's run the numbers. You told me that your mortgage payment on that is $1,400 a month, and you're getting $2,300 in rent.
And by the way, every time anybody's called the show that I've been on and I've asked this question, let me let me let me destroy their their theory, if I may. Okay. Yeah, absolutely. Well, you've got an asset, and it's cash flow positive. Okay. Sound familiar? Yep. Great. Let's run the numbers. You told me that your mortgage payment on that is $1,400 a month, and you're getting $2,300 in rent.
That is a whopping $900 a month. Right, absolutely. That ain't a lot of money. Okay. And nine times 12 is what is it?
That is a whopping $900 a month. Right, absolutely. That ain't a lot of money. Okay. And nine times 12 is what is it?
That is a whopping $900 a month. Right, absolutely. That ain't a lot of money. Okay. And nine times 12 is what is it?
That's gross. That's, that's before you pay any home expenses. You are not even breaking even is my guess on some years. And if you are making a little bit of money, it's peanuts. So you remove this risk and yes, you don't have the asset anymore, but you don't have the risk.
That's gross. That's, that's before you pay any home expenses. You are not even breaking even is my guess on some years. And if you are making a little bit of money, it's peanuts. So you remove this risk and yes, you don't have the asset anymore, but you don't have the risk.
That's gross. That's, that's before you pay any home expenses. You are not even breaking even is my guess on some years. And if you are making a little bit of money, it's peanuts. So you remove this risk and yes, you don't have the asset anymore, but you don't have the risk.
That's my point. So I was trying to destroy their theory.
That's my point. So I was trying to destroy their theory.
That's my point. So I was trying to destroy their theory.