I answer a listener's question on why I like debt so much, and use it as an opportunity to review the multiple dimensions of growing wealth through rental property ownership.
Episode Highlights
- Puerto Rico trip and consideration of potential tax benefits for moving there
- Potential tax law changes in the US and implications on investments
- Upcoming event by Dave Zook on recession-resistant asset classes, car washes, and self-storage
- Exploring the concept of depreciation in real estate investing
- Putting a loan on the property increases returns and leveraging it to your advantage
- Comparing returns of different purchasing methods for property investments
- Referring to Robert Kiyosaki's definition of good debt in the context of real estate investments
- Trading depreciating dollars for hard assets like gold or property
- Comparing investing in gold vs. real estate to protect wealth from inflation
- Protecting family's wealth from inflation through leveraged fixed-rate loans in real estate investments
- Swimming upstream through buying hard assets using other people's money with fixed rates
- Appreciation of rental properties as a not-so-guaranteed component of returns
- Long-term appreciation in property value tied to the devaluation of the US dollar
- The belief in good debt and the advantages of having long-term fixed-rate loans on rental properties
Links and Resources from this Episode - Connect with Gary Pinkerton
- https://www.paradigmlife.net/
- gpinkerton@paradigmlife.net
- https://garypinkerton.com/
- Video format - https://youtu.be/Dye6ghFCVIg
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