Built to SKALE

Good Debt vs. Bad Debt Explained


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In this episode of Everything Life and Financial Freedom, Jim and Linda McKissack talk about the difference between good debt and bad debt.

In this money-based episode, they discuss ways you can find money for real estate investing. Jim then gives his opinion on hard money lending and the reason someone would use hard money. And they talk about why you would use a line of credit for real estate investing.

They cover the things that you should get paid off before you start investing, and they give a warning to never get over-leveraged. Finally, they give recommendations for steps that those who are overwhelmed with debt can take.

 

Built to SKALE is hosted by Preston McKissack, who's family built a solid team they sold for seven figures, and Andy Fenstermaker who (along with Pres) runs SKALE for Teams, a platform that helps team leaders and owners grow their businesses effectively while saving time.

Get the Real Estate Teams Blueprint and Learn More Here: https://skaleteams.com/levels

Follow SKALE:

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  • Facebook: https://facebook.com/skaleteams
  • Instagram: https://instagram.com/skaleteams

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Built to SKALEBy Andy Fenstermaker, Pres McKissack

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