The 4 horseman of products that keep the middle class in prison: 401K, home, credit cards, and college. How can a house be an investment? It produces no money. Investments produce money. People have a dream of getting a doormat that says “The Johnsons” and owning a home for 30 years. Assets pay you—liabilities are thing you pay for. A house is a liability. When you buy a home you pay for the following: Property taxes, Property insurance, Maintenance, and HOA Fees. The expenses are funded by the owner, not the income. Over the past 50 years, a home has returned 1% when adjusting for the rate of inflation. Get involved in multi-family real estate if you want to own a real asset.
You often talk about "your gut feeling" on finding deals...Did you trust this from the beginning and did it affect how much you went in on a deal? or were you ALL IN from Day 1...
Would love to call in either today if I have time or next Monday.... Best time to call in on the East Coast?
@Kyle Gerek Every Monday 12pm EST live Q & A. We look forward to your call.
@Marc J. Logan When investors or individuals are overpaying... Which is currently happening in most markets.