The Smith Manoeuvre - Cash Dam accelerator
Own a rental property? Multiple rental properties?
You NEED to know about cash damming. This is going to blow your mind into a million pieces.
Not only that, but it could be the way to an early retirement for you...and maybe, some generational wealth for your kids and grandkids.
Cash damming takes your rental income and efficiently cycles it through your "bad' non-tax deductible mortgage (on your primary home) FIRST, before paying the rental expenses.
Think that through. Paying an EXTRA few thousand dollars every month as prepayments on your mortgage. How quickly is it going to get paid off?
With a readvanceable mortgage, you will use the Investment Line of Credit to pay the rental expenses, therefore INCREASING your tax deductions each year.
You are going to become debt-free YEARS sooner, leaving you with an increased cashflow OR more money to invest sooner. YEARS SOONER!
If you own a rental property (or more!), this is going to be life-changing.
if you don't own a rental property yet, this is your wake-up call to get your ass in gear.
Let's GOOOOOO!
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