The Mortgage Mistake That Could Cost You Everything

**SPEAKER_1** (0:00)
And that's, watch Market Mondays, every Monday. You got to put, look guys, first of all, if you're in chat right now, how many of you guys got $10,000 right now?
Type in chat, if you got $10,000, $15,000 right now, type in chat. And if that's like all your money, not to you folks out here who got green jackets on, you're part of Red Panda, because you guys are just killing it out here. But there's a big market of us, of people out here, and our followers who watch this show that got $10,000 to $15,000.
And honestly, I don't think you should even be thinking about home ownership. You can't afford it right now.
You need to really think about how do I flip this money? How do I turn this $10,000 to $15,000 into $30,000, $40,000? And then how can I offset that capital gains? You do that by buying real estate and you do it smart, right? You just don't go out here and buy a single family. You got to buy a multi-family because that's going to give you more tax benefits and more tax breaks so that can offset that capital gains that you'll get from investing and taking from your broker's account to put it into the real estate, right? So I just feel like there's a lot of people out there that want to buy real estate, that want to get into the game, but that entry barrier is just too high for them. So why not? Why sit on the money? Why put it into your savings account, or even the high yield savings for that matter, right? I know you want safety. Hey, I want to get 3%, 4%, and that's great, but you got to be a little bit more aggressive. Scared money don't make no money at the end of the day. And like you said, magic said last year, you got three years. We on year two now, one year's down, two years going by fast enough, right? And it's going by fast. So we have to now accelerate that, take calculated risk and learn the game to kind of increase our network. So that way you can really go out here and buy real estate, Troy.

**SPEAKER_2** (1:59)
I've been looking at the housing market here in Houston like the last year. And then like in the last two or three months, a couple of people have asked me about all in one loan. Can you walk us through what that is? And also, can you tell everyone who was hoping for a housing market crash that one is never gonna come?

**SPEAKER_1** (2:19)
Bro, I've been saying that for fucking eight years, nine years, bro. Like everybody was killing me in the comments back in 2020 when I was like, yo, go out here and buy real estate. This is the best time to buy. And everybody was telling me I was crazy, the market is gonna crash, but they just don't understand the history of this, right? Right now, there's not enough supply. This is why you have a new law that just came out to help increase supply because there's a housing shortage. So no matter, look, and I'm not gonna take away from the debt that folks have right now, consumer spending, the rising housing courses of insurance and property taxes, but ultimately, there's not enough supply on the market right now. And at some point, the feds, even if they raise them a little bit, that's okay. At some point, these mortgage rates are going to come down, and there's a lot of people on the way, even on the sidelines, that's going to get back in the game once those rates start hitting the fives and the fours again. And we've had some trickles of fives over the past six to eight months too. So there's opportunities to get rates in the fives. You just have to be in position to capitalize on that. Now, when it comes to this all in one loan, I've been getting a lot of DMs about this lately. A lot of people have been on the internet talking about this.
So the all in one loan, I'm going to try to make this as simple as I possibly can. It's basically a first link position HELOC. HELOC is a home equity line of credit. And what this does is there's some banks out there that's offering, you open up a checking account with them, and it combines your HELOC and your checking account. So you make all your deposits temporarily into your home equity line of credit to reduce that line of credit balance. And then as you're getting paid, you deposit into your HELOC and you're using the HELOC to pay your bills. See, a HELOC is not like a 30-year mortgage was amperized over 30 years. A HELOC is more simple interest. So as you pay down your balance, your payment goes lower. So instead of having cash sitting in your check-ins and your savings account, you have that cash sitting in your HELOC and you just use that HELOC to go about your daily spending, paying your bills, et cetera, et cetera. Now, this can reduce total interest that's paid and can definitely shorten the life of the loan.