Comments by "Brent - Investing On The Go!" (@BrentInvesting) on "The Reason I’m $1.8 Million In Debt" video.

  1. Wow I'm late..Comment #337 lol. Do you use a HELOC to hold any of your investments? I'm working this backwards. 1,800,000 Debt at 4% Rate is $8,593 Per Month. 43% Debt to Income is Pretty Standard, so 43% is generally maximum Debt to Income Ratio, $1,800,000 Debt / Annual Interest Avg 4%. Let's say your monthly payment for all properties is for a 43% dbi, $8,593 / $20,000 is 43%, You prob on avg have "lately" made more then 20k, so your debt to income still has some room in order to get more loans. + Every Rental after 2 years the gross income is able to be used as your income ratio - so it grows yearly. It's interesting! I have ~275k of debt and control a lil over 515k of Real Estate, I'll get to that 1 mil of assets in a few years :-)
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  2.  @GrahamStephan  Whoa you answered haha, thought my comment would of been buried in with the 620 others that are now here. Nice Nice! I do have a HELOC open - but I am not using it to "buy" last time it hurt my debt to income ratio a bit haha.
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