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Some Types of Debt Can Be Good | How Property Investors Spot The Difference

Feb 19, 2024 | Podcasts, Wealth Coffee Chats

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00:00 Introduction.
02:00 Show starts.
04:10 GOOD debts create returns, you gain an asset and they help reduce taxable income.
06:15 BAD debts lose you value and are not tax deductible. Learn to spot the difference.
08:07 The types of debt you have can affect your ability to borrow from lenders.
09:40 Using Positive’s ‘Borrowing Calculator’ to track liabilities in real-time
12:50 Credit Cards and overdrafts can drop as much as $200k off your borrowing power.
14:31 Good debt can boost your ability to borrow by hundreds of thousands of dollars.
16:12 Closing thoughts.

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