Be Responsible Don’t Overleverage #airbnb #realestate
Summary
This video discusses the dangers of overleveraging in real estate, particularly for short-term rentals (STRs). The speaker, Bill Faeth, warns against taking out excessive debt like HELOCs, especially on primary residences, as it can lead to financial ruin if one property fails. He emphasizes the importance of being prudent with cash and maintaining equity to avoid being in a precarious financial position.
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Curated by Learn STR by GoStudioM