Self-help guru Robert Kiyosaki is $1.6 billion in debt: report

Contributing sentiments towards policy:

59% : " David A. Perez, an enrolled agent and founder of Tax Maverick AI who said he uses a similar strategy as a multifamily real-estate investor, called Kiyosaki's approach "a great strategy" and said carrying large amounts of property-backed debt is "actually very normal.
55% : As his properties rise in value, he borrows additional money against the increased equity and treats the loan proceeds as tax-free income, according to Vanity Fair.
50% : Kiyosaki has preached investing in cash-producing assets such as real estate while minimizing taxes and distinguishing between debt used to acquire investments and borrowing used to fund expenses.
48% : " Perez said borrowing against a property's equity generally produces a tax-free loan because the property has not been sold, though the additional borrowing can increase mortgage payments, interest costs and reduce cash flow.

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