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Reminds me of those real estate influencer types you see on social media... "We are $4.25 million in debt but live care free vacation filled lives bringing in

• eadmund 3y ago
  $40,000 is $480,000/year, which is 11.3% of $4.25 million; if one borrowed that $4.25 million at a significant discount to 11.3% then that might be a very good financial decision indeed. If it’s at a floating rate, it might still be a good decision. But right now some business loans are up around 15%, at which point the situation above would be an absolute catastrophe.