This is an easy way to create generational wealth
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Summary
AI-generatedThis video shares a tip for creating generational wealth: purchasing a rental property in a child's name with a 15-year mortgage upon their birth, so the property is paid off by the time they turn 18. At 18, the child can choose to tap into the equity via a cash-out refinance or keep the property for passive income.
Key insights
One way to build generational wealth is to purchase a rental property in your child's name with a 15-year mortgage when they are born.
Mistakes to avoid
Don't sell the property to access the equity; use a cash-out refinance to avoid taxes.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial