I am $30M of debt that’s costs me $145K/mo
However…
It allows me to own $50M in real estate that brings in $345K/mo in rental income
I have a free $20M in equity that operates at a cash flow positive
I used debt to create wealth
You can too…
Google had a bad day: down 13%. $500 billion gone.
The U.S. median home sale price? Down 0.1% from a year ago.
With rentals, I have more to work with than the price.
Cash flow. Tax advantages. Debt paydown. Control. Leverage.
That's why I own real estate.
September inflation came in at 3.7%, up from 3.4% a month earlier.
Gas rose 9.1% and drove more than half of the monthly jump. Energy is up 20.4% from a year ago.
Traders reacted fast. Odds of a rate hike this month more than doubled in a day.
A Fed hike can slow demand. It can't pump more oil. If energy stays high and borrowing gets pricier, households feel both.
A $100K/year goal is not a plan.
Today's podcast breaks down wholesaling, flipping, rentals and property management, deal by deal.
Pick your path. Know the math. Listen:
https://t.co/55vVR4acdU
https://t.co/q1yIvgeGMR
A $300 monthly rental profit won't make you rich. But if your bills are $3,000, it covers 10% of your life without another shift. That's what buying back time looks like.
Everybody wants a rental that makes $1,000 a month. Few want the boring one making $300 while the tenant pays down the loan. Stop confusing a modest start with a bad investment.