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19 February 2025 | 88 replies
Because 3.6k per year is good, but then a tenant moves out, the house sits empty for 2 months so u just lost your 3k (mortgage 1.5k, lets say)...Every 10-20 years you need a new roof, thats about 13-16k (Although 8 years ago I dishwasher/washing machine/Ac/heater, those things break...I dont see how landlords can retire with $300 cash flow from 10-20-30 properties...I understand when people make 1k per month in cash flow, but $300, not sure how all this works...Exactly; nobody is getting wealthy or retiring off $300mnth cash-flow, for all the reasons you touched on.
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23 December 2024 | 1 reply
What I do have is relentless energy, focus, and the drive to succeed in real estate.I’m diving headfirst into multi-family and commercial real estate because I know this is where true wealth is built.
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21 January 2025 | 59 replies
I’m in sales so I have enough control of my income which is the type of freedom that I like, but at the same time it bothers me with every sale I make I just make the executives more wealthy and they are truly the ones building the freedom.
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25 December 2024 | 2 replies
After studying the many ways of becoming wealthy, I chose to go the real estate investing route.
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6 January 2025 | 25 replies
If you are early in your career (would understand not having a lot saved early on) you should let your current job run for 8-10 years and save as much as you can (as painful as it may be, but remember building wealth isn’t easy either or everyone would be wealthy).
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27 December 2024 | 66 replies
From having rich residents to now having wealthy residents.
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11 February 2025 | 1681 replies
To an out-of-state wealthy person who lives in a nice little suburb, they look exactly alike.I am seriously considering starting a turn key/property management business.
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14 February 2025 | 161 replies
Wealth preservation and enduring legacy of wealth. I
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19 December 2024 | 1 reply
The college has lots of students, and the surrounding areas have some wealth. I
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6 January 2025 | 57 replies
The power of leverage will make you very wealthy in a much shorter time period with RE.