Updated almost 4 years ago on . Most recent reply
Long term wealth strategy
I recently masterminded with a vary high net worth individual. His wealth was not build with RE, but he does invest there. His strategy with income is simple and clean. His profit goes 50% index funds and 50% multi family RE. Reasoning is this: preservation wins in the long run. Reminds me of buffets rule #1 "don't loose money"
What do you guys think??
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My ticket out of the rat race is passive income from real estate - once my passive income can cover my expenses, work is optional. I can't get there with index funds. I also haven't found dividend paying stocks that return as much as a good cash flowing SFR. If anyone has, let me know :P