Inflation=5%3. mortgage rate = 6%In 2023 fresh new formula is required LOL This is now probably flying over the head's of several persons, and that's A-OK for those, nobody is born with knowledge of how to ride a bike, or about all the intricacies on math of investment capital. 

If inflation was at 7%, in 12 years I would be paying our debt at $.50 on the original dollar.Good Debt Trap-  why are you personally wanting business debt?  

So many young people are trapped in the "social media" doom and gloom YouTube videos.

A lot of people read these responses, but they never comment.My responses are almost always oriented toward people who have the same question so I try to make it general enough to be useful to them as well in the future.Someone, not you, stated "I wouldn't disclose anything" and that is very bad advice and I just wanted to make sure no one fell into that trap unwittingly.In a lawsuit, a good attorney would point out that the borrower didn't disclose and that would go badly for them with the judge and jury.

I was born in KS :) Fun discussion!

I took it easy after my daughter was born and purchased 3 properties over the last 7 years in order to be there for her.

One of them bought several turnkey properties, and she wanted to move into different strategies, which launched some talk about the "turnkey trap", referencing low cash flow and how fees and repairs would eat up any income over the long term.

I have seen many come and go, only a hand full sustain success.Agents have a 85% drop out rate in year one and from who's left another 80% quit after year two.Wholesale is the biggest trap.

@Bryant Brislin It’s actually funny that you said that because I fell in that same trap last year and I can tell from experience that it’s not easy.

I have done my best to put poison, traps, and ultrasonic noise makers to try to keep the rats away from her car but they are a problem throughout this part of the city due to it's location to a large area of restaurants and bars.