Wealthy people buy rental real estate because it makes sense. As I do pay the mortgage or the tenant pays it for me, the mortgage is going to go down. So I'm building equity without putting any more money in there. We love rental real estate. Why do we love it? Because we get to add assets. We're talking about this for the long haul. We're not talking about flipping a property. We think the most successful real estate investors go for the long haul.

Let's be honest, you have other investment opportunities you could put your money into.

Why are you buying this rental?

Welcome, everyone to the Main Street Business Podcast.

This is Matt Sorensen and joined by the great and powerful Mark J. Kohler.

Today we are talking about should I buy this rental or not?

Between the two of us, we have done 20,000 consoles. We've been helping clients make these

tough decisions, and we see really successful clients doing real estate, clients that are

moderately successful doing real estate, train necks. We've seen it all. The good, bad, and the

ugly rental real estate, we've seen it all. And I think for any of you that are like, maybe I'm a small business owner or I got a W2 job and I want to start building assets, we talk about the trifecta. One of the most common recommendations we like, particularly for Main Street business owners, is to just buy rentals. We love rental real estate. Why do we love it? Because we get to add

assets. We're working so hard to make money in our business or in our job. We need to start

taking that money and deploy it into assets that can make money for us. Today's podcast is more,

okay, you've decided you're going to buy real estate. Which one should you buy? And how do you

analyze it? And we know

there's a lot of gurus out there teaching workshops this weekend that have done more real estate deals than Matt and I. On the flip side, I think we've maybe seen more real estate deals than they've seen. And we see the tax returns and the legal ramifications that can be good and bad. Yeah, but there's good deals and bad deals. And so that's what we want to kind of get at today is should I buy this or not,

just because rental real estate is good doesn't mean every deal is good. And so you want to know which ones to sink your money into. And let's be honest, you have other investment opportunities you could put your money into. Maybe you're investing it back in your small business. Maybe you're buying some stocks or some mutual funds. Or maybe you're doing an oil and gas still. Maybe you're investing in another company or I don't know.

You're going to leave crypto out of there. Okay. That's fine. Yeah. I mean, you know, I mean, you have plenty of options. Yeah, plenty of options. No, you do. And we've never been ones to say, put all your money in real estate by any means. But in summary, wealthy people buy rental real estate because it makes sense. We've seen it over and over again. There's multiple facets to rental real estate. Now, it doesn't mean you put all your money there. There's times and seasons of life where it does or doesn't make sense. And what type of deals you enter into, of course, are a huge factor. But I think we need to look at it as an option.

And I think it's an important choice. Yeah, let me throw this out too. If you're looking for a resource

to analyze it and look at deals around the country, frankly, our most favorite right now

for giving just deals to clients and walking them through options is real wealth. Realwealth.com

with Rich and Kathy Fetke. They do a great job. And if you go

there, please mention our names. And we don't get any money out of it. We just want you to get a

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