A Faster "Rat Race" Escape Trick | 810
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 19 October 2019
⏱️ 10 minutes
🧾️ Download transcript
Summary
In today's episode, Matt shares the formula to escape the rat race, the ways to classify your real estate business for tax benefits, and a smokin' tax strategy that will save you money! Take a listen and find out more.
Transcript
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| 0:00.0 | This is Tereo Media. Success in real estate has nothing to do with shiny objects. |
| 0:15.0 | It has everything to do with mastering the basics. |
| 0:18.0 | The three pillars of real estate investing. |
| 0:20.0 | Attract, convert, exit. |
| 0:25.0 | Matt Terrio has been helping real estate investors do just that for more than a decade now. |
| 0:30.0 | If you want to make money in real estate, keep listening. |
| 0:32.0 | If you want it faster, |
| 0:34.0 | it faster, visit R E I A S.com. |
| 0:37.0 | Here's Matt. |
| 0:38.0 | If you want to escape the rat race, the mission here is to get your monthly passive income to exceed your monthly expenses. |
| 0:45.9 | That's the formula. |
| 0:47.2 | So there are a few ways that you can go about this. |
| 0:49.4 | You can increase your passive income or you can decrease your monthly expenses or you can do both. |
| 0:56.1 | And most people will eventually tackle both to some extent to reach that milestone where the passive |
| 1:01.9 | income does exceed the expenses, but maybe you are just focused on the passive income and just want to maintain your lifestyle and that's fine too. |
| 1:09.0 | But it can happen a lot faster if you do both simultaneously, and that's really what makes real estate |
| 1:14.5 | such a great rat race escape vehicle because when you're investing in real estate |
| 1:19.3 | both things are happening you're increasing your passive income and decreasing your |
| 1:23.6 | expenses. And here's what I mean. See, your biggest expense in life, taxes, and |
| 1:29.3 | real estate, it's one of the really one of the last great tax shelters for the |
| 1:35.2 | average person and tax shelter tax strategy and if you're gonna work on your |
| 1:41.6 | rat race escape and reducing expenses is a part of your plan, |
... |
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