4.8 • 1.7K Ratings
🗓️ 28 June 2024
⏱️ 40 minutes
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0:00.0 | This is a real estate rookie episode 425. |
0:04.0 | Should I buy a deal if it does not cash flow on day one? |
0:08.0 | We're going to find out. |
0:09.0 | I'm Ashley Care and I'm here with Tony J Robinson. |
0:13.6 | And welcome to the Real Estate Ricky podcast |
0:15.8 | where every week, three times a week |
0:17.7 | we bring you the inspiration, motivation, |
0:20.0 | and stories you need to hear to kick start |
0:21.8 | your investing journey. |
0:23.0 | So today we're going to answer questions like how do you create an exit strategy for a seller |
0:27.4 | finance deal and what kind of amenities should you be offering for your Airbnb |
0:32.3 | and most importantly how are you going to pass down all |
0:34.8 | the generational wealth you built from your rentals down to your children but first we're |
0:39.3 | going to get into a question about passing generational wealth from your rentals down to your children. |
0:44.4 | Okay so our first question today is from Jim K. Over the last decade or so my wife and I |
0:51.5 | put together a nice little rental portfolio. |
0:54.4 | We've really grown as landlords and property managers and we have a nice little |
0:59.6 | life that's just getting nicer. Oh, that's so sweet. |
1:03.0 | Net rental income has almost completely replaced what we used to make in our jobs. That's awesome. |
1:09.2 | We can see the finish line when we call it quits sell and put out money into more stable assets, |
1:15.4 | retired to a nice sunny place far from Pittsburgh and enjoy our lives. For those of you |
1:21.6 | who have met with some success and have children, what's the end plan? |
... |
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