My real estate mentor dropped some wisdom that changed my game: ‘Lisa, buy at least one property a year.’ Sounds simple, right? But here’s the catch:

First, it meant cutting back on those tempting clothes and shoes shopping sprees. Tough, I know! But the real eye-opener was his advice on financing. 🛍️🚫

You don’t need to cough up the entire list price of a property - just 20% as a down payment. The key? Ensure your tenant’s rent covers all the expenses, making the investment essentially cost-neutral for you.

This strategy won’t guarantee immediate income; it’s about long-term wealth building.

With a regular job to cover living expenses, every property becomes a stepping stone to greater financial security!

At Wealthcon 2023 with @ryanpineda

#viralvideos #realestatetips #realestate
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lisasongsutton

2024-04-16 14:28:54

a real estate mentor tell me in two thousand and thirteen lisa you need to be buying at least one property a year and i was like okay i'll get right on that and he was like seriously he was like number one stop buying the clothes and shoes and i was like darn it but he said number to think about this he's like i'm talking twenty percent when you think about oh i need to go buy a piece of property he's like all you're seeing is that giant list price you don't have to come up with the cash for the whole list price you need to come up with twenty percent and then you need to make sure that by doing an analysis your tenant is going to cover your expenses on that property so net net it shouldn't cost you anything but meanwhile you're also not peeling off an income from it lisa you already have a job you don't need that money to live on but you do need it to build wealth and build assets that your later going to leverage