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Podcast: Creating Wealth Real Estate Investing with Jason Hartman
Episode: 1744: Evergrande Debacle, Debt Coverage Ratio, Strategic Defaults, Birthday Contest, Mises Institute's Jeff Deist
Description: In today's episode, Jason comes to you from Tampa, Florida where he is attending a Mastermind conference. He talks about China's Evergrande debacle and how it relates to a question brought up during an Empowered Investor Inner Circle meeting: "Is using leverage, or borrowed money i.e. OPM or 'other people's money' a good idea to a high degree." He also talks about the "Debt Coverage Ratio" which you can see in a property's proforma which gives you an idea of the risk you are taking, like deflationary cycles and what to do IF this happens. ...