The thing that always makes me leary when I see programs similar to this is that no mention is ever made of taxes. If I'm understanding correctly you take a line of credit (presumably interest only, but perhaps not). Then you use that money to buy notes or another debt instrument that pays you more than the money you borrowed costs you and then apply that difference to the cost of the line of credit ( in addition to the extra monthly cash you already had in excess of your monthly expenses ). No one ever mentions taxes. Am I wrong in that the earning from the application of the money you derived from the line of credit will be taxed as ordinary income? Doesn't that further the need for a greater spread between the cost of the money and the earned money (-taxes) in order to benefit?
You are most likely correct. That income (1099 div) will be be ordinary taxes. Unless you get a debt structure that is a K1 and that can be more advantageous against taxes.
This is the best of all videos that I ever see. Ron & Heather, why don't you let us know way earlier? I like the way of compound income strategy. So, I can shorted amount the time to invest more property and achieve retirement early. Please make more those kind of information to help investor get quick reach to the goal! :-)
The thing that always makes me leary when I see programs similar to this is that no mention is ever made of taxes. If I'm understanding correctly you take a line of credit (presumably interest only, but perhaps not). Then you use that money to buy notes or another debt instrument that pays you more than the money you borrowed costs you and then apply that difference to the cost of the line of credit ( in addition to the extra monthly cash you already had in excess of your monthly expenses ). No one ever mentions taxes. Am I wrong in that the earning from the application of the money you derived from the line of credit will be taxed as ordinary income? Doesn't that further the need for a greater spread between the cost of the money and the earned money (-taxes) in order to benefit?
What a golden video.
You are most likely correct. That income (1099 div) will be be ordinary taxes. Unless you get a debt structure that is a K1 and that can be more advantageous against taxes.
This is the best of all videos that I ever see. Ron & Heather, why don't you let us know way earlier? I like the way of compound income strategy. So, I can shorted amount the time to invest more property and achieve retirement early. Please make more those kind of information to help investor get quick reach to the goal! :-)
So glad you found this episode helpful!
Can I still get in o the deal to have Chris & Tanisha personally handle my coaching with Tardus?
This won’t work. If it did, everyone would do it and this would go to infinity.
The number of people doing something does not prove or refute the validity of that thing.
I was skeptical, but tried it. It does work.