314: How To Find Your Real Estate Vision and Strategy
How To Find Your Real Estate Vision and Strategy
Your goal might be $15K of monthly real estate income and a $3M net worth within twenty years.
To achieve this, I explain why getting trapped in the future is as bad as getting trapped in the past.
Start early, understand there will be bumps in the road, don’t overanalyze, the worst case scenario almost never occurs, and don’t “time the market”.
Today’s guest offers both rehabbed and new construction rental homes in a thriving market where the numbers work – west Florida.
If you’re pre-qualified for a mortgage (or paying all-cash), get started buying investment property at: GetRichEducation.com/WestFlorida.
Buying one property, one time won’t change your life.
When you’re young, you’re more likely to want a low-priced rental property with higher cash flow and higher maintenance = existing construction.
When you’re older, you’re more likely to afford a higher-priced rental property with lower cash flow and less maintenance = new construction.
House flippers have spending money; buy-and-hold investors build real wealth.
At its core, it’s simple – rent houses to people.
Resources Mentioned >