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Grant, you need to make sure your business’s headquarters is on the balance sheet.
Can the world make a petition to keep Grant off of the internet?
Equity can be stolen too 🎉
But the government includes your house as part of your net worth towards your estate taxes. Why can’t I. What am missing?
If you can sell it it’s worth something.
You can sell your shoes… they aren’t part of your network…
You sell your car, it’s not part of networth
It’s not worth a probably. Go try to spend a probably or put it in the banks😂
Then count your kidneys
@EricP-j5z that’s like saying you can sell your stocks but they shouldn’t be considered in your net worth? So what are we actually including, only liquid cash in your bank account?
Then you have to live somewhere , go back to renting? Buy another property? Its not part of ur net worth but def a way to make money
Bro forgot about appreciation 😂😂
No he didn’t.
You buy low and sell high…. Now you need somewheee to sleep.
So you gotta buy again… in the new more expensive market.
The fallacy of increasing home values (when you live in them)
@hlhjkhjklhjklhremember he said you should rent where you live anyway. Right??
@mrrousseau8493 that has nothing to do with this.
He didn’t. He said when you add it all up you need to hit 240% just to break even.
I think Grant won this argument
We have the internet and we got guys like this trying to make us dumber.
The guy who talks about taking loans off property value doesn’t understand the concepts of being to take out a loan against the property value of the property you live in lol “you need to place to live” that’s true whether you own or rent the place you live in. Also, you’re never lot paying property tax; it’s priced into your rent payment
Grant is right. An it’s not an investment if you are living in it.
Grant is so full of it. You know damn well he counts all of his income properties in his net worth regardless of how much debt he has tied into them.
Right, they’re talking about a primary residence, not rental properties
@Trevaaaaa properties are properties regardless if you live in them or not unless you’re renting, then that is different. If you own the property then absolutely it should be included in your net worth.
To be an accredited investor, your net worth must be at least 1 million NOT COUNTING your primary residence.
Excellent point.
He counted it when he wanted the loans now he wants the tax right off lmao – say whatever you want
I have been listening to Dave Ramsey all this time and thought I was worth $1.2 million saying that I am debt-free and own my home outright.
So now with this guy saying I’m only actually worth about $11,000😔
I agree
Incorrect, inflation and appreciation was not considered… Also it makes no difference if you live in it or not, because you could live anywhere or nowhere at all… Also, brokers fees are not absolute, I sold my last 3 properties without a broker, also your primary residence can be sold without paying capitol gains or at least a very limited amount of capital gains… So I can live in a $200k house or a $20m house, or in my brother’s basement for free, an asset is an asset, all assets have liabilities, there are no exceptions, makes no difference if you live in it or not… I built a $30m business from the equity in my very first house I built when I was 19 years old… Trust me, that house was an asset that contributed to my net worth…
If you have enough equity and sell it or lease it and become homeless or move in with your parents, your net worth instantly goes up…
School tax in Pa on home/property too
An anchor…
Nice math