What are your thoughts on the Buy Borrow Die Strategy? Get your free financial independence resources at www.firepsychat.com/contact.

@iluvsanriofc

Жыл бұрын

Hello!! I love your videos!!

You break everything down real well and simple to understand bro. I’ve watched a bunch of videos on same thing and it’s first time it all makes sense. I just subscribed 👍

how do you pay these loans back ? With after tax income ?

@jason60chev

6 ай бұрын

And what about the interest?

@dennykeaton9701

6 ай бұрын

They never say

@victorl225

5 ай бұрын

You can pay with regular income, dividend income, rental income or continue to roll over the loan as the assets grow in value.

@Victoria-jh9uf

2 ай бұрын

@@jason60chev the interest can be written off, and the assets increased value will gradually pay off the loans for you.

@gregoryellis324

Ай бұрын

@@victorl225 The loans eventually have to be paid. He said the assets would be sold to repay the loans at death. I don't see how the estate avoids paying capital gains taxes and regular income taxes to settle the debts.

Thank you for this video! Can you please do a video using this strategy with high yield dividend ETF such as :YieldMax, Defiance, Roundhill etc. ? The Yield on these covered call ETF can range from 20% to 100% or more.

When the estate sells assets to pay off the loans, won't the estate have to pay capital gains taxes? And because you essentially defaulted on the loans by dying, doesn't that also create a taxable event? What tax rates will apply to the estate when that happens?

There is alot of focus on federal income tax when it comes to high earner, millionaires and billionaires. However what people miss about this conversation is the total entirety of taxation towards the business from federal, state, county, and local... Meaning, sales tax, depreciation( states that dont have income tax) state income, payroll tax(FICA), property tax, business asset tax, fuel tax, registration etc etc. Everyday Americans are not necessarily getting taxed on those items.

Tried to watch you and listen, but your hands move too much and I just couldn't. Sorry to miss out on your information.

SBLOC almost like a margin call if your portfolio drops 😅

Hand movements are too distracting for me to even listen.

@khafreahmose8768

3 ай бұрын

Seems like you need to work on your attention span buddy bc none of that bothered me.

@13bigcrimson94

Ай бұрын

Interesting, most listen with their ears.

Never buy investment RE at any less than 50 percent LTV. You're welcome.

@milesa2005

Жыл бұрын

Agree!