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Radical Personal Finance
1026: Friday Q&A: Pay Cash for House or Get a Mortgage, Full-Time RV Living, Death Plan for Information, Philosophy of Business
Jun 7, 2024
Topics discussed include whether to pay cash or get a mortgage for a house, full-time RV living in the Western USA, setting up a plan for important information in case of sudden death, and the enduring philosophy of business during crises and generations.
01:23:28
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Quick takeaways
- Leveraging a mortgage in real estate can enhance long-term returns but comes with higher risks.
- Balancing stability and income security against potential risks in real estate debt decisions is crucial.
Deep dives
Importance of Real Estate Leverage
Real estate leverage can have a significant impact on long-term financial decisions, weighing the benefits of leveraging a mortgage against the peace of mind of debt-free living. Adding a mortgage to a real estate investment can enhance the long-term rate of return by allowing for higher leverage, similar to investing in stocks using margin accounts.
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