How Many Rentals Do I Need to Retire? - Episode 648
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 6 July 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
One of the most powerful wealth building methods is rental real estate. That's why it's so important to understand your retirement number, which we call the Freedom Number.
If you're wondering how many rental houses you need to replace your income or retire, this video will help you determine that. On this episode of Investing in Real Estate, I'm laying out a viable road to financial freedom through real estate investing.
Transcript
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| 0:57.0 | So how many rental properties do you need to retire? It's a very simple question and |
| 1:07.6 | it's a question that I grappled with a number of years ago when I was first starting |
| 1:11.4 | with real estate investing I started to |
| 1:13.0 | understand that well if I could reverse engineer the amount of expenses in my |
| 1:19.4 | life with rental properties and live off of that cash flow every month, |
| 1:24.0 | then I could live financially free. |
| 1:26.0 | I wouldn't have to work a W-2 job anymore. |
| 1:28.0 | And it's a really powerful tool. |
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