This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again

[@MinorityMindset]

Download my FREE eBook, How To Build Wealth As An Investor, here: briefs.co/yt/build-wealth WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through KZbin comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

[@supercruchynoodle]

I don’t like moving - is there a hack for living there without living there really?

[@fenid27]

I really like how he breaks everything down . Pretty easy to understand for anyone !

[@MartB-tx5lb]

Jaspreet is the best! Listen to and learn from this man

[@SomaCruz01]

Always appreciate the information you share

[@carmenokereafor1163]

I appreciate your content, I watch honestly daily, I started my financial education journey with you and have learned so much. There’s no stopping me now

[@oshea2300]

It's only by the grace of God that you can do anything. One little thing could stop you, so don't get cocky. 😊 We all have a God-shaped void, that we try to fill with counterfeits that only Jesus Christ can fill.. he wants a relationship and fellowship with us. He loves us and wants to spend eternity in heaven with us.We need to be sorry to God for what the Bible says is sin. Only once we realize we're lost can we be saved by trusting and the life death and burial and resurrection of Jesus.. he shed his blood for us taking our sins upon him, and he gives us his righteousness when we put our trust in his finished work on the cross, asking him to forgive us and save our souls from hell

[@srigupta715]

U r crazy smart Jaspreet.😮

[@jamessandman3730]

Always great information thank you!

[@Mruiz_1990]

Keep doing what you are doing jaspreet thanks for the advice

[@bullrider517]

Thanks!

[@TieYurShoes]

Veterans, there is more information on VA home loans. If you are a disabled veteran your percentage qualifies you for specific benefits under that percentage. I love this channel. Thank you for being informative.

[@CapitanGreenhat]

Yea, 100% disabled unlocks crazy crazy benefits like no closing costs, free money for home upgrades etc etc ad naseum

[@LetsTalkMortgagePro]

In TX 100% disabled Veterans pay $0 property taxes 😊

[@KBR641]

An investment is not guaranteed, paying off your mortgage early and being free of Dept is the best

[@KBR641]

It takes off so much stess

[@miggroup5557]

How about buying a house ?

[@kevoreilly6557]

Depends on the rate of return you can generate elsewhere

[@MGF-h3h]

Agreed!

[@lourdesboet2709]

What he does not mention that as your primary residence you qualify homestead exemption will decrease property taxes. Once its no longer primary residence you loose your exemption causing an increased taxes and homeowner insurance because its now an investment

[@scatpack1381]

Thank you Jaspreet. I love the way you think. 🙏

[@miaash3870]

Your bubbly personality together with your honesty will take you veeeeery far! Why don't you write/ghost-write a book for school kids about Financial Education? It will prove to be your biggest investment!

[@nenaenriquez3480]

Ye$$$$ make a financial fun kid's story 🎉

[@josephyarbrough9316]

Robert Kiyosaki has a board game that teaches about how money works. It's modeled after Monopoly. Don't get me wrong. Jaspreet could do something for children.

[@taxrepresentationtrainingctr]

Does not take into account non-paying tenants like covid time. How will the landlord pay mtg if no rent is coming in that situation?

[@ronvictor2622]

You have to plan for a situation like that

[@blueb4829]

Then, the owner will have to live in a hostile environment with his non-payjng tenants. Who wants to live like that. Not me.

[@guadalupeferran1562]

Do what half the population did, ask the bank to postpone payments a couple years .

[@burnin.bridges]

Lease it to a new tenant. Once the non-payer leaves for anything break the new legal tenant in and change locks. When the non-payer gets back the new renter can call the cops on them as the legal tenant. 😊

[@josephyarbrough9316]

​@@burnin.bridgesLaw doesn't allow for that

[@DinamikaSoe]

Thank you for putting all the effort together

[@richhands5269]

My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@califlash9356]

Don’t sensor me preeti

[@SuperChopper70]

Have you checked out Earn Your Leisure???🤓

[@Tke_legend]

lol nice try Stock Brotha

[@rickiesmith413]

@@SuperChopper70 I thought they were all going to jail?

[@fuacatarun2run931]

You are amazing 👏 fantastic explanation thank you

[@blake3606]

I literally just did this with a FHA loan last year.

[@ramzanlakhani4160]

Thank you, Jaspreet, I have learned a lot from you, keep doing good work.

[@derricksmith1498]

.....down in the description "BELOW!" 😂😂 Thank you for the excellent content!

[@DavidHenderson-v6u]

Thank you

[@albertovasquez8411]

Thank You 🙏🏽

[@ParkDari]

We actually had to send two separate checks every month one for the principal and one for the payment because the bank kept trying to pre-pay on regular payments which of course means you keep losing interest discounts

[@IMBLESSED-oe6dl]

Yes banks do that is u dont specify. U can probably pay directly on their portal which is easier n u get to control it rather then frustration w them. I do it w mine.

[@alonzosmith6189]

First in my book, is understanding “work life balance”. I wanted children, be in their life, playing together, school, coaching m, etc. Then figure out a budget that is realistic for the family

[@huynhkimhanh5672]

Thank you make videos, good mindset, wonder if your book have audio, like listen more then read

[@CGwithMike]

Coming from experience. DO NOT DO FHA. If you get a FHA loan you will pay PMI. The low percentage rate you get doesn’t outweigh the amount you pay in PMI. Do a conventional loan with at least 20% down payment. Trust me! I messed up on this and I’m paying the price.

[@BenDover-ip4ob]

If you pay 20% down on fha you dont pay pmi

[@dre5229]

I got a FHA, the PMI was annoying but I didn’t regret it since I didn’t have enough to put 20% down. A few years later I refinanced to a conventional loan and got rid of the PMI and escrow account. That said, the biggest problem people have now is that property is over valued. PMI will make it far worse in today’s housing market.

[@craigchuraman1340]

When you pay enough into the mortgage to now equal 20%, or the equity has now increased on the property value by at least 20%, you can request to have the PMI removed.

[@sahilchawla2485]

Instead do NACA, no downpayment/PMI/closing costs 🍻

[@joyallen2415]

Get an appraisal and if you have enough equity you can lose the PMI

[@ethananime3773]

Ya but with tenant laws depending on area u go under fast due to lack rent money

[@AC313_]

Great video 🔥

[@ganesh.korade]

Thanks paaji. Amazing video

[@ryanreeves70]

Stuff i knew but wished i knew many years ago..fwd to my son. Thank u.

[@joeb3016]

Risk reward. It’s not for everybody Current prices just do not justify taking that risk! But hey great content for those that feel like picking up more work for themselves :)

[@iirepoii]

Good Man💪

[@Johnwarner84]

Good advice 👍🏻

[@iQamarAmerica]

Thank you for great awesome video. Full of knowledge.

[@kd7clq]

I have learned a lot from your channel. Would you do a video on how to look for multi-family homes or your process in looking for an investment houses?

[@aziebadal8364]

Thanks much you are super helpful.

[@hajs8273]

Brilliant!

[@kenyaayele8952]

Your information and motivation is so appreciated! Thanks

[@Micmouse1]

You have been blessed to bless other my friend ❤🎉

[@juliehelm5878]

I always laugh when he says "BELOW!" Love all the information that I actually can digest versus other financial channels that sometimes goes over my head. Keep up the videos! 😊

[@jeffjolicoeur3182]

Excellent info as usual

[@susanjannarone135]

Boy is this an old video. It’s March 2024. No longer the mortgage interest rates. No longer applicable fees.

[@novaricos]

"time IS money", the longer you let a loan drag on, the more interest you pay your lender. get rid of that loan ASAP! and invest the difference for your benefit. make yourself rich first, instead of other people and institutions!

[@cbbcbb6803]

How do you prevent the renters from knowing that you are the owner and therefore able to harass you for whatever?

[@donniebaer1992]

Tell them you are the property manager and renting the other side while getting a discount to manage the property

[@richwhite594]

Hire a property management company to do that stuff for you. After a year you will just let them manage the extra unit on the property as well. You never even have to talk to the renters about being the owner. Lastly, put the property in an LLC and don't use your name as the name of the LLC.

[@user-yq2ms4ho2q]

​@@richwhite594what name to use as name of LLC?

[@AngelPerez-nw5cd]

Something people don’t think about is that you can’t compare your interest from a mortgage to investing because your loan is amortized and you’re paying off a 100k plus depending on the loan amount. If you flip it around would you rather start investing with nothing or with a high balance?

[@damanjeetsinghharika2986]

Hi Sir love you content. Is this video recorded from past? interest rates are much higher now

[@cryptowillyiam2835]

Thanks for your amazing content, do I need to have a business name or start up a company to do this or it doesn't matter ?

[@jorgesegura8044]

No, those are all incl., in financial agreeement...

[@josephyarbrough9316]

Where does the new down-payment come from?

[@KaoChao12]

Great advice 15 years ago. Todays interest rates make this challenging

[@CiaoLizzy86]

I think you make a good professor that teaches in a down to earth yet professional way cool orange turban on a real cool man.

[@time4peace726]

Where do these magical properties exist?? SoCal girl here. Multi unit properties are not near the coast. No one is getting approved for loans right now … love the idea.. very interesting and informative. 🙏 thank you

[@josephyarbrough9316]

I have been told to look for the ugliest property on the block. There are plenty of blocks in the world. 👀 for them

[@gabinogarcia4836]

What if you make a payment to the principal and not just another regular payment

[@JosePeraza-xw3uy]

Great content! If you had $20k, is it better to pay down your mortgage(especially at the beginning) since your saving tens of thousands of dollars, as opposed to making around $2k(10%) for the same investment?

[@paradigm007]

Love it love it love it!

[@rupalsraval]

Do you provide personal finance advise services ! I really hope !

[@melisaalto]

What is FDG ?

[@R.-.]

Loopholes without a justified reason should not remain loopholes. Reduced rate mortgages should apply only to your private occupied residence. 34:39 "Right now we are in one of the lowest interest rate periods in history" ... January 2023 not 2024

[@vijayahadimani5998]

The biggest issue is getting 2000 rent

[@melisaalto]

His is taxes for USA or Canada?

[@TSLAfan]

3% a home occupied loan? the time of that recording was 2020

[@ChristopherEspinozaYT]

Well this is better than what I was taught in school

[@graceg3250]

There aren't that many one million dollar multifamily housing structures out there that have enough units to cover the monthly expenses that come from having an FHA loan. Rental prices these days are LESS than new mortgage costs. You can only have ONE FHA loan at a time. Also, the appreciation value may not go up that fast. And you'd have more landlord expenses than you're saying.

[@nurmgg]

great news

[@timj9754]

Where are you gonna get a 3% mortgage?

[@billyburton9342]

For real man if there’s 3% out there I need to know the lender😅

[@deadcell1]

Private equity

[@ramsyrama]

Private equity

[@billyburton9342]

Ahhh

[@techhoarder3010]

I think he re-uploaded this video from several years ago.

[@sgeorge008]

Where do you get a 3% loan? Please tell me.

[@azndragon75]

It is easy to say but the reality is not that simple.

[@AIPowerListsVideo]

This is the most common phrase of losers. They always have an excuse! LOL!

[@valarmorghulis4801]

​@@AIPowerListsVideo facts

[@JamesJenkins-k2d]

I went to policy genius and filled out the forms twice and it kept telling me something went wrong start over again. Seriously!

[@misshealingsoul9566]

did you have a curs for beginners to learn to invest . thanks

[@mikechung7316]

except they don't and they are professional renters

[@malathimovva2633]

May I know i it the situation in Canada or USA?

[@tarrantcountykid]

You call that a chimney?

[@fernandochoriego5519]

Hey Jaspreet, but what about the costs of having a realtor for renting those units, or if sometimes you have a hard time finding a tenant? (Specially a good tenant)

[@jenniferbmendezful]

Makes great sense. I have a 2.625% VA lian and Treasuries with no state tax on interest is pay 5.4%, I can write off interest, mortgage property taxes and have absolutely no risk right now. In addition, not paying my va loan off makes my home more attractive to buyers if I had to sell it. Because it is a 2.625% assumable loan. Nobody can get that financing anywhere. So, don’t pay off loan if the numbers work for you. Invest instead 👍

[@fernandodelrio4839]

Having a higher IQ , and putting it work pays off.!!! Well explained! Easy to understand you! Thank you for sharing !!!

[@lizetteaguirre5863]

What if we just purchased a home ?

[@Eva-li2pe]

How many FHA loans can on borrower have?

[@MallaEmpire]

Long story short, "Rent Out"

[@xaphanofthenightfall1257]

while all this sounds good on paper. i just got denied for a 40K home equity loan, when i owe 90K on a house thats valued at 210k. banks be assholes

[@KBR641]

I do all the risk i want after paying off that mortgage. And investing all that use to be mortgage money.

[@vibeotube]

Issue still not solved with down payment

[@Genericperson658]

Will this work in the UK? Anybody knows?

[@cryptowillyiam2835]

Yeah

[@MJC__]

DEFINITELY, just need to make sure you don't overpay and the property cash flows well.

[@monicacastro8227]

I actually enjoy reruns😂😂😂😂🎉🎉🎉🎉❤❤

[@josephyarbrough9316]

Tracking your money is the most important first step to understanding money

[@IrsergioI]

Is the discord not available anymore?

[@harveyjau3861]

Before watching. Let me guess, multifamily property and rent out the other units?

[@jorgesegura8044]

Do banks loan ?

[@shivadixit8191]

Not the entire info is given, when you rent home , you pay tax on rental income also and then paying interest to bank , not much you can make, this is how it is design

[@831CROW]

How do u split the utilities if there all connect together

[@richwhite594]

Hire an electrician to split the power running to each unit, and install a meter if that hasn't been done already. Most buildings built to be multi family should already have a meter for each when built.

[@mckyblu26]

Does this apply to property where first floor is retail and send floor is residential?

[@sandeepreddygdk2621]

who sell this kind of properties ? I guess its tough to find a seller!

[@blaineburnie6890]

This must be old content that you are reposting because you cannot get a 3% mortgage today

[@firejoe283]

Also, I think I've seen something like this, it's kinda old information, a lot of people were doing this in 2020/2021

[@KDRosaries]

It's called the BRRR method however it doesn't work when interest rates are above cap rates

[@mmdls602]

Except the cap rates you talk about are non-existent. Either the property price is way more than a million, or the rent in the region is too low. Any of course huge exposure to interest rate.

[@user-se5fy9li6v]

Where do u dram up these numbers. Is tge emi in indialike u do?

[@jeangray6863]

I love you my brother from another mother

[@MrYz250fman]

Where can I get that sweet hat?

[@QRZ-s3s]

🙏❤❤Sending Love 💕💕🙏

[@saulaguilar2800]

Man my guy is so excited talking about this he even drew the doorknob before the door he said😂💀💀you the man 👍

[@carrerasrivera]

Can I rent to myself to take all the benefit? and how I can do that legally?