Entrepreneur | Part 7 - Real Estate Terms With Michael Burer
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 11 April 2024
⏱️ 68 minutes
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Summary
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Transcript
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| 0:00.0 | Get ready to enter the Drive Time Show. from the bottom now we hit. We started from the bottom now we're |
| 0:14.0 | we started from the bottom now we're on the top top |
| 0:17.3 | new the systems to get what we got clean Dixon's on the hooks |
| 0:20.9 | I break down the books sees bringing some wisdom and the good looks. |
| 0:24.0 | As the father of five, that's where I'm a dive, |
| 0:27.0 | so if you see my wiping kids, please tell them hi. |
| 0:30.0 | It's a C and C up on your radio, |
| 0:32.0 | and now three, two three two one here we go All right, we are here in sunny San Diego. My first time being outside this year. We have this |
| 0:49.0 | bird we've trained to make noise while we're recording and we are talking about annual debt service with |
| 0:55.8 | Michael there is no real estate topic to obscure beer. |
| 0:59.2 | Michael welcome on the program can I get a boom? |
| 1:01.9 | Boom. All right now I'm going to read the definition. Can I get a boom? Boom. |
| 1:03.0 | All right, now I'm going to read the definition and then I'd like you to provide us an ample example |
| 1:06.5 | that my third grade mind can handle. |
| 1:09.2 | So here we go. |
| 1:10.2 | I'll do my best. |
| 1:11.2 | Annual debt service, the total amount of principal and interest to be paid each year to satisfy |
| 1:16.6 | the obligations of a loan. |
| 1:19.4 | What does that mean in your mind? |
| 1:20.4 | What's the ample example? |
| 1:21.4 | It's a pretty simple one, but simply it's just adding up |
| 1:23.6 | everything you're given to the bank. So all of the interest you paid during the |
... |
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