But it will make you very wealthy if you have a little patience.

I am interested in Small multifamily units and short term rentals.I have been thinking about real estate investing for quite some time but never thought it would be possible for me coming from a less than wealthy family. through my educational journey, I have had my mind opened up to so many different ways to build a real estate portfolio its overwhelming. but I want, more than anything, to build financial freedom so that I can do what I was put on this earth to do, spending large amounts of time with my wife and kids as well as mentoring and helping others achieve their own success!

I've read books on tax strategies and that helped some over the years, but I just couldn't figure out how to really bring my taxes down like the wealthy do.

👀Tomorrow we will cover reason 3 on the top 10 reasons the wealthy Invest in Real Estate!

That's what I would do at least.At the end of the day, building wealth is all about keeping cash flowing assets.

“Wealth is an income stream”.Want to build Wealth faster?

You could follow his advice to a "T" and become wealthy, but it will take significantly more time, effort, and sacrifice.

And consider putting a percentage into cryptos - sure, many coins may crash and many approaches are not time-tested, but also, there has never been such opportunities for life-changing gains as now exist in that space.Our wealth is spread between real estate, cash, stocks/funds, crypto, and a little in physical metals.

Additionally, if you are a silent partner on the investment, this is also considered passive.This law was passed to try to hinder wealthy individuals from using depreciation losses to offset taxable income.

"be patient and focus on the long term goals, that where the real wealth is made with time."