Oct 28, 2021
10:46:44am
10:46:44am
actually you know what? Let's go there.
That 4% interest is *annual* interest. Most loans are taken out for more than one year, and you'll typically pay a LOT of interest. Early-on in a loan, often times you're paying *more* in interest than principal.
Furthermore, at the end of the day these loans have to be paid back with taxable income.
Furthermore, at the end of the day these loans have to be paid back with taxable income.
Originally posted on Oct 28, 2021 at 10:46:44am
Message modified by SalmonOfCapistrano on Oct 28, 2021 at 10:47:03am
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10/28/21 10:46am
10/28/21 10:50am
10/28/21 10:53am
10/28/21 10:55am
10/28/21 10:58am
This is incorrect man. They can wait until they pass away, get a step in basis on their assets, and have all that growth
10/28/21 11:11am
10/28/21 11:56am
10/28/21 10:46am
They can let the debt run up forever and then have it paid for with assets that have stepped up in basis at their death.
10/28/21 10:39am
10/28/21 1:05pm
10/28/21 10:53am
10/28/21 10:55am
10/28/21 10:57am