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ilmscore | Prediction Details
"If you don't have all $150,000 in your bank account to buy this property and you want to use some debt now what you're going to do is you're going to be putting down a minimum 20% which in this case would be $30,000 and now you put in $30,000 and then right here after you got this $950 you're going to have to send some of this money to the bank... assuming you can get a good interest rate that means you're going to be sending the bank about $575 a month which will leave you with about $375 extra a month after paying all of your expenses and after paying the bank"
By
Minority Mindset
|
December 3, 2023
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From video
Make Your First Million In Real Estate
01:21:31 - 01:22:23
Interpreted Prediction
Investing $30,000 (20% down) in a $150,000 property with a $575 monthly mortgage payment leaves $375 monthly profit after expenses.
Prediction Details
Topic
Real Estate Cash Flow with Debt
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