ilmscore | Prediction Details
"now what you can do is pull some cash out through a refinance because every bank is going to say Hey you have $10 million worth of equity here you're driving around in a Toyota Corolla how about you upgrade your lifestyle how about we give you a 65% loan to value debt so now you go out and pull out $6.5 million from the bank in the form of debt because you still got some equity on the table"
By Minority Mindset | July 14, 2024 | Pending
From video
Investing Mistakes That Will Cost You Thousands - Don't Do These 7 Things 00:19:48 - 00:20:16
Interpreted Prediction
Investors with significant equity in their assets (e.g., $10 million worth of equity on a $10 million asset) can leverage this by taking out debt, such as a 65% loan-to-value refinance, to access capital for lifestyle upgrades.

Prediction Details

Topic
Investment Risk

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