MY NEW LAS VEGAS HOME TOUR

"i figured that at the beginning of this year interest rates would probably skyrocket for the rest of the year and inflation would stay high so i wanted to take out a loan on as much money as possible that i could reasonably afford so i can protect myself against inflation and make money on the loan which is exactly what i've done"

"i learned that in real estate you make a lot of your money back when you buy a house not necessarily when you sell a house which is counter-intuitive"

"the first thing is property taxes because i'm in the highest tax bracket of 37 means that it translates to a monthly savings of 327"

"the second one is mortgage interest now that translates to about 609 dollars a month"

"the third one is depreciation so let's say next year i rent it out for the full year i can actually depreciate it over the course of 27 and a half years but the value that i use to depreciate it on is not the purchase price of 1.33 million it's going to be only on the building itself and not the land so based on my personal situation that translates to another 930 a month"

"because of where this house is located its market rental rate sits anywhere between seven and seven and a half thousand dollars a month"

"because my interest rate on the loan was really low i've already made money on the loan thanks to the difference between that 2.5 rate and the rate of inflation of 8 plus percent"

"even though i believe in the digitization of assets in the future and things like bitcoin and ethereum and the metaverse and nfts all of that represents roughly 10 of my net worth but most of my money is invested into things like stocks real estate and held in cash"