This is DEVASTATING to the US Dollar and it's on purpose | Morris Invest

This is DEVASTATING to the US Dollar and it's on purpose | Morris Invest

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How Your Debt-to-Income Ratio Impacts Your Investing
Like any metric that measures your financial snapshot, the debt-to-income ratio is justΒ one piece of the puzzle. So if you feel like your debt-to-income ratio is limiting your options, here are my suggestions:

Keep looking. If one or two lenders turned you down, it doesn't mean every lender will! There are a lot of great companies and individuals out there looking to lend.
Pursue non-recourse loans, which are asset-based.
Speak with lenders who are well-versed in real estate investing, like my friend Dan Kraus at Churchill Mortgage.
Consider ways you could tackle your debt to reduce that DTI ratio, including eliminating extra expenses for a couple months to make extra payments, asking your creditors to lower your interest rates, and be sure you aren't taking on more debt.

What to Consider About Paying Down Mortgages
Deciding whether or not to pay off debt can be puzzling. In fact, that was a decision Natali and I were facing before we wrote our book, How to Pay Off Your Mortgage in 5 Years. And if you have to choose between investing and paying off debt, I'd like to offer another idea: what about pursuing both goals at the same time?

Another thing to consider when you're looking at paying down the mortgage is this: what type of interest rate do you have? Because if you have one of those 2-3% interest rates from pre-pandemic times, it might not be worth paying it down early at all. Ultimately it is your choice, but here are a few things to think about.

Tips for Buying Real Estate with a Solo 401k
The bad news is, retirement accounts have a lot of rules. The good news is, you're not on your own. Your custodian must facilitate every transaction that happens in the account, so reach out to them with questions about your specific account.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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By: Morris Invest
Title: This is DEVASTATING to the US Dollar and it''s on purpose | Morris Invest
Sourced From: www.youtube.com/watch?v=iJ-TGp-Ly2Q



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