Takeaways
Leveraging debt as a tool for wealth building, particularly in real estate investing. Jimmy Vreeland challenges the traditional view of avoiding debt and highlights how using other people's money responsibly can maximize financial outcomes. By differentiating between consumer debt and wealth-producing debt, he illustrates how strategic borrowing, like utilizing 30-year conventional mortgages, can offer stability and low risk while promoting financial growth.
Various financing options are available to real estate investors, ranging from 0% interest business credit cards to commercial bank loans. This episode provides insights into the risks and benefits associated with each type of debt, including the concepts of recourse and risk of ruin.
Financial education is extremely important in effectively managing and leveraging debt. By understanding the mechanics of debt and the financial instruments available, investors can make informed decisions that align with their long-term financial goals.
00:01 - Wealth Building
13:03 - Understanding Mortgage Loans and Debt
24:20 - Debt and Real Estate Exploration
About Jimmy Vreeland
Jimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business.
Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.
Get in touch with Jimmy and his team at www.jimmyvreeland.com/getstartedinrealestate
More about Jimmy
Website: www.jimmyvreeland.com
Linkedin: www.linkedin.com/in/jimmy-vreeland
Instagram: www.instagram.com/jimmyvreeland
Facebook: www.facebook.com/JimmyVreeland
Youtube: www.youtube.com/@JimmyVreelandC
>>>>>>Get free access to the private Ranger Real Estate facebook group<<<<<<
RATE & REVIEW this episode on Apple and Spotify.
SHARE this episode with someone.
SUBSCRIBE so you don’t miss out on any new episodes!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!