Media For anyone here that's financially illiterate... "Once I learned how debt worked it changed my life" -James Krause (5 Mil. Debt)

[Black Leprechaun]

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[Contempt]

Congratulations James, you have mastered high school level financial literacy.

 

[jeff7b9]

Bets on how long til this idiot winds up in jail?

 

[Goodfella86]

How's Darrick Minner's knee?

 

[KID Yamamoto]

All those college kids in massive amounts of debt just don't realize how lucky they are.

 

[Hellowhosthat]

I wonder if this goes as well as his betting discord did.

 

[Flower2dPeople]

Should've went all in on tardcoins.

 

[Fight Professor]

It is common for commercial real estate investors to use leverage. They take loans on existing equity to buy more real estate. They save money on taxes and avoid inflation. As long as their cash flow significantly exceeds the mortgage/loan payments they are fine. If not, they would have to sell properties.

 

[Thepaintbucket]

For a second there I thought he was going to sell us a book on how to become a millionaire

 

[WaylonMercy5150]

Man who was balls deep into fixing fights allegations and sports betting offers financial advice about going into large amounts of debt.

 

[Pechan]

Good luck on his new grift.

 

[GrantB13]

What if a creditor cuts you off or wants their loans repaid?

 

[jeff7b9]

Man who was balls deep into fixing fights allegations and sports betting offers financial advice about going into large amounts of debt.

 

[Siver!]

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You're telling me the organizer of a rental company is called 'House'?

Not very creative, TBH

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I kid, I know who Jason House is lol, what he's getting mixed up with Krause for I've no idea

 

[Siver!]

I wonder if this goes as well as his betting discord did.

Yeah, probably what you don't do if you're running an illegal betting ring is brag that you're running it and it's illegal.

Probably what you don't do if you're millions in debt and still trying to borrow is brag that you're millions in debt and still trying to borrow.

Dude seems like a complete bozo.

 

[dagfin]

It is common for commercial real estate investors to use leverage. They take loans on existing equity to buy more real estate. They save money on taxes and avoid inflation. As long as their cash flow significantly exceeds the mortgage/loan payments they are fine. If not, they would have to sell properties.

It's basically a gamble but if all your properties are rented out you can make a good profit. The biggest problem is always getting the first loan

 

[Eternalwarriorking]

The UFC has its most controversy-ridden event of the year, and then James Krause suddenly slithers out of the dark recesses of the internet to offer facile financial advice!?

As Shakespeare said, something is rotten in the state of Denmark...

 

[dagfin]

What if a creditor cuts you off or wants their loans repaid?

Sell

 

[CorninginChristianburg]

There are sort of separate issues to judge here, the first is that you can have a lot of debts and leverage them to increase your net worth. And that James Krause is doing that. I have no doubt that some people do this. I have some doubt that James Krause is doing this.

Impossible to say with certainty. You'd have to know what his balance sheet looks like, and the associated interest rates. But my experience is just that if someone is trying to sell you a class or mentorship or self-advertising about how they have a lot of debt and you too can also have a lot of debt and be "rich", they usually aren't doing so well.

 

[jeff7b9]

What if a creditor cuts you off or wants their loans repaid?

Fill the room with uppercuts.