I asked a Los Angeles firefighter and real estate investor how someone can start creating wealth through real estate and the best financial advice he received throughout his career. #wealth #realestate #career #motivation #financialfreedom
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theschoolofhardknockz

2024-04-29 02:29:17

what industry did you decide to pursue a career that's a microphone yes or wondering what are you going to do with that what industry did i pursue well there's been a couple but i've got thirty three years as a firefighter for the city of los angeles that's incredible over those thirty three years what has been the most amount of money that you've ever made in a single year you know six hundred thousand six hundred thousand yeah and that's as a firefighter know
that's real estate that's for real estate yeah how are you able to make six hundred thousand and one year like how can someone start creating wealth and real estate today for a first-time home buyer you should buy a property that's four units or less as close to four units as you can get you can't buy more than four units because it becomes commercial real estate but if you buy four units and occupy one seventy five percent of your property as paying your mortgage and that's how you do it and you do it again and again and again do not bring in partners you don't want a committee and what's been the best financial advice that you've ever received throughout your lifetime you'll never lose money taking a profit break that down well let's take the stock market for instance i could have made an additional hundred dollars a share on something but i still made ten percent on my money but i didn't make twenty percent on my money you'll never lose money taken a profit i appreciate your give amazing advice very seriously