Скачать или смотреть 12 Million Dollars In Debt at 22 Years Old!!! Cody Davis

In this episode we introduce the debt hammer, scaleing your business, how Cody Davis and Christian Osgood got 12 Million dollars of debt at 22 years old, and how we are getting out of debt. Debt is a tool that carries risk, it is important to define your real estate goal prior to leveraging to get there. One thing we do differently than anyone else in this game is we reach a point where we stop leveraging.

We set a goal that required about 20 million dollars of real estate. Now that we reached that goal in 12 months with 12 million in debt we are rolling it down. It is not as simple Daves debt snowball but we have a modified version to reduce risk and payoff the realestate in the next 5 years. We bought all this with no banks, only creative financing. We are 5 years from completing the first full cycle of our business plan. Step 1: Buy enough to reach your goal. Step 2: Stabalize and systemize everything. Step 3: Eliminate the debt.

To learn more about managing debt and creative finance check out https://themultifamilystrategy.com

#realestate #debt #multifamily #daveramsey

00:00 Introduction
00:55 How to pay off 12 million dollars in Debt at 22 years old
01:45 The Debt Hammer method