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CNBC Make It
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Comments by "" (@jmitterii2) on "CNBC Make It" channel.
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There's reason most of his income is youtube and he must maintain a high cash flow... his real-estate (based on when I watched his video a year ago) are all indebted. He has a negative equity. He mortgages property usually distressed, then immediately takes out a higher equity loan to pay for another, and keeps repeating. At least that's how he had described it. So his net real-estate is actually negative. Was painful one of his videos he was trying to explain buying a house for $0... because he mortgaged a house for $X then refinanced it for $X+$X... to then find another home to do the same. It's a mountain of debt. So makes sense most of his income would be youtube... he has to use rental income to pay his real-estate debt.
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