BY JONATHAN K – FREELANCE REPORTER
They say if you want to become a millionaire, then you talk to millionaires. If you want to know what the best beer is, you talk to the regulars at the local pub.
Well, I have talked to millionaires, and will share strategies they have shared with me. Not only can this advice help protect your assets during this war, and the coming (manufactured) hyperinflation, but it can help you fight the vaccine mandates without worrying about a job, among other things.
Before we get started though – you agree to do further research, do your due diligence, and accept full responsibility for any actions you take based on this article. If you don’t, stop reading and go onto the next article. Otherwise, congratulations!
Did you purchase a home more than two years ago, and currently live in it?
If so – CONGRATULATIONS! You may be sitting on a lottery ticket, worth anywhere from $50k to $500k in today’s dollars.
Real estate investors in particular the last 4-5 years love unlocking value in homes, especially during inflation. Some have made $100k+ in a couple of weeks simply by doing some basic renovations, then re-appraising the house, and then finally refinancing. It’s called the “BRRR” strategy. (buy, renovate, refinance, and rent out).
So how does it benefit you? Well, you keep your home while unlocking its value. Basically, you do the following.
- a) (Optionally) Fix up the kitchen and bathroom. This helps the home to appreciate the most.
- b) Go to an appraiser and get a re-appraisal on your home. You may see 2-3 times your original purchase price.
- c) Go to your bank and ask to refinance your home. Most banks will refinance (give you a cheque) up to 80% of the appraised value.
- d) (Optional) Rent out to tenants and/or AirBNB. (Proper screening is important though. Research further if you wish to do this).
So, let’s say you got lucky. Your house was $500k, with a $400k mortgage on it, amortized over twenty-five years. Payments are close to $1,800/month.
If an appraiser now says your house is worth $1 million (renovate your bathroom and kitchen for maximum appraisal value), you can now go to your bank with that appraisal document and ask to have your mortgage refinanced. The bank will most likely cut you a cheque up to 80% of the new mortgage value.
So that means $800k new value (80% of $1 million) $400k existing mortgage = $400k “cash”. Mortgage payments will most likely now be $3200/month, so you set aside some of that new capital for those payments for the next couple of years.
Since the government wants to try and steal your property through UNDRIP, Bill C-15, chicanery through TerraNet and more, you may as well get some assets now to help defend your rights, and your property.
Plus, since hyperinflation is coming around the corner you can pay for your mortgage with “cheap” dollars while you can use this freed up capital for more important things like…
Buy some Gold, Silver, Crypto and/or tradable assets!
With the upcoming manufactured (totally fake) “food shortages” and manufactured (totally fake) “supply chain disruptions” the price of goods will be going up significantly in the very near future.
Gold/silver historically have retained their purchasing power. “Tradable assets” can include things like whiskey/alcohol, engine oil, canned food, “toilet paper”, etc. For crypto, “small cap” privacy coins will most likely be appreciating significantly in the very near future (i.e., ARRR, XMR, DERO) while at the same time protecting your assets.
So, take action! Get educated. And send this article to those you care about to help them fight back and defend their property and rights as well.
