What could earning a few extra thousand dollars a month do for you? Have you considered using rental real estate as a way to get there? I’ll take you through three ways to build passive income with rentals, showing you all the numbers and demystifying how to piece it all together.
If you are only interested in getting out of debt and retiring in your 60s, go ahead and follow Dave Ramsey’s advice. It’ll get you there. But if you want to get out of debt, build wealth through real estate and other investments, and retire early, this optimized path is a better option for you.
There is an unfortunate, intimidating misconception among those who aspire to achieve financial independence through cash flowing real estate. Many believe that to reach the “Promise Land,” your passive income must be equal to or greater than what you earn at your W-2 job. This is a fallacy. Here’s why.
Are you someone who wants to buy investment property, but you just can’t figure out how to finance your first buy? Here are seven different financing strategies and how to make sure your first purchase fits into your overall wealth-building plan so that you don’t waste time going down the wrong paths.
What if I told you that you could make one powerful maneuver to double the value of your real estate equity? Well hold on, because I’m going to try my best to prove this claim by explaining the power of the value formula in commercial real estate and the muscle behind it—the cap rate.
Can you imagine buying a franchise or starting a business and not being fully committed? It wouldn’t make sense. Real estate is no different. But the fact is some people just won’t commit to doing whatever it takes to reach their goals. Here’s why that will ruin your chances of success every time.
On New Year’s Day, I made a goal: I would pay off $85,000 of student loan debt in two years. Obviously, that’s an ambitious goal, and I didn’t know how I was going to do it. I just knew that I would. Sure enough, I crushed my goal—eight months early! My student loans are a thing of the past. Here’s how I did it.