Velocity Banking-Watch This and Save Your $5K!

Velocity Banking-Watch This and Save Your $5K!. Velocity Banking-Watch This and Save Your $5K!

Velocity Banking-Watch This and Save Your $5K! video duration 16 Minute(s) 29 Second(s), published by Real Estate Investing Unmasked on 02 05 2019 - 19:00:00.

I spotted someone trying to sell the Velocity Banking method for $5k on YouTube
Forget that! I explain how to do the method in this video
The velocity banking Our new Mortgage Broker App empowers brokers with a brand new level of efficiency and convenience! Access contacts, and view past and present deals while .

The term velocity banking is given to a strategy which we know a lot about
It's the process where you use one bank product to pay down another bank product In this velocity banking training series, I'll show you how to pay off your student loans or even a 30-year mortgage in a fraction of the time without refinancing or I spotted someone trying to sell the Velocity Banking method for $5k on YouTube
Forget that! I explain how to do the method in this video
The velocity banking .

I spotted someone trying to sell the Velocity Banking method for $5k on YouTube. Forget that! I explain how to do the method in this video.

The velocity banking strategy is not one I suggest people do, but if you're going to do it, I felt I should at least spell it out for those considering it. Once I found someone was trying to sell the idea for $5K, I just knew I had to do something about it. The whole purpose of my channel is to take real estate investing concepts and ideas and put them out in the open so that you can learn about real estate investing-regardless of what exactly you want learn.

The general idea is that you get a line of credit, whether it be a home equity line of credit or some other line of credit, like a credit card. You direct deposit your paychecks into the LOC (line of credit) and use your LOC to pay your bills each month. Along with that, you borrow a large chunk up front to pay toward your mortgage or other debts. By parking your paycheck in your LOC, it pays it down rapidly, just in time for you to borrow from it again. It's kinda like a forced savings plan. I don't agree with it, but it is effective for paying off debt, as long as you have plenty of money left over each month after your normal bills are paid to tackle the LOC you're borrowing from.

In the end, I think it is more effective to just use your excess cash each month instead of borrowing money to do the same thing you could do with cash that is not borrowed or that is interest bearing.

If you have any questions, please ask in the comment section or contact me through my contact page on my website, http://www.WatchBobOnYouTube.com

Good Luck!