One of the amazing benefits to real estate is that you have 4 main ways to make money with the same investment.
1. Mortgage pay down: With every passing year your tenants are paying of your mortgage and building your net worth. Take care of your tenants and they will take care of you and your wealth building assets.
2. Appreciation: This one is a bonus. If you bought in a sound area that has strong economic fundamentals you will reap the benefit of your properties growing in value. I have properties that I bought years ago that are worth more than twice what I bought them for.
3. Cash Flow: When you invest in cash flowing real estate assets it does not take long for you to replace the income from your day job. I suggest a minimum cash flow of $125 per door. So if your monthly income was $3,000 you would need to buy 24 rental units and you would replace you day job. At this point you could consider resigning if you so desired.
4. Tax's: As a real estate investor you will get the benefit of several tax deductions. I recommend you consult a tax specialist that works with real estate investors. This way your accountant will be able to advise you based on your current situation and your desired outcome. They will help structure your real estate investments to maximize profits.
Until next time always remember " The More You C.A.R.E. The Less You Work"
Your real estate-based wealth coach,
P.s Whenever you are ready here are a few ways I can help you earn more money, create more freedom, and scale your real estate business
1. Join the C.A.R.E. community and connect with other real estate investors that are taking massive action. It's our new Facebook community where smart real estate investors connect, learn, and grow! Grow your wealth, Freedom, Impact, & portfolio! CLICK HERE to join today.
2. Watch this FREE training video. In this video you will discover the 2 key areas you need to work on in order to create financial independence as a real estate investor. CLICK HERE NOW to watch this video.
3. Work with me and my team privately. If you would like me to help you avoid costly mistakes and grow your real state business so that you can have the finances and time to fund your desired life let's chat. CLICK HERE to grab a complimentary strategy session. This way we can chat and get to know each other better. This is not a sales call I do NOT work with everyone. I want to see if we are a good fit and help you. If you decide you want to continue to work with me and you meet my criteria we can explore what that may look like. Because I am actively running my real estate businesses and value my free time I only work privately with a small select few every year. BOOK YOUR SESSION HERE.