4 ms·
It's not at all simple what they do. https://reddit.com/r/BuyBorrowDieExplained/comments/1f26rsf/buy_borrow_die_explained/ https://reddit.com/r/BuyBorrowDieExp
by chx 2y ago
It's not at all simple what they do.
https://reddit.com/r/BuyBorrowDieExplained/comments/1f26rsf/buy_borrow_die_explained/ https://reddit.com/r/BuyBorrowDieExplained/comments/1f26rsf/...
Important quote:
> this type of planning is generally not economically feasible unless the taxpayer has a net worth exceeding around $300M.
- creer 2y agoTo be fair, there are very accessible options like margin loan or pledged assets which you can also keep going indefinitely - possibly all the way into estate tax which - as a "little guy" - you wouldn't owe. They are higher interest rates (to the point of not being all that interesting - depending on what you want to do.) And they don't have the same features. But if you are high assets and low income, they might still allow you to buy a house with a loan - if it's what you want.