ilmscore | Prediction Details
"if in this case you were to put down 20% that would be $20,000 so now you put down $20,000 that's your equity and you're going to be borrowing the other $80,000 and if you borrow the other $80,000 at say 7.5% interest that means now your interest rate is going to be costing you $560 a month which means you have a $40 a month profit now which $40 a month time 12 is $480 so $480 is your new profit now the way that you're going to calculate your return now is you take your $480 that you're making in profit and you're going to divide that by your equity which is $220,000 here now it's about a 25% return on your money when you factor in debt"
By Minority Mindset | April 21, 2024 | Pending
From video
MASTERCLASS: How To Go From $0 To Millionaire - Investing For Beginners 00:38:48 - 00:39:37
Interpreted Prediction
Financing $80,000 of a $100,000 property at 7.5% interest, with a $20,000 down payment, results in a 25% return on equity after accounting for interest and profit.

Prediction Details

Topic
Real Estate Investment with Debt

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