This passive income game that most of you are thinking you're going to get, you're going to get financially free if you just acquire enough units, it's not real.

You know, at least not initially, okay?

If you look at properties today,

I mean, majority of properties in major markets

do not have any cash flow.

I mean, I'm in Las Vegas.

You go buy a median house right now,

four or five hundred thousand dollars000 and it is not going to cash flow.

You're actually going to have negative cash flow if you buy it, okay?

And I know that this is in most major markets.

Now, is there cash flow markets? Are is there cash flow markets are there different cash

low markets sure you can go to the Midwest and get some but even then you know I've

had lots of students who have bought many properties and cheaper markets and on paper

they look great you know a property could be

a hundred thousand dollars and it rents for a thousand that's the one percent rule or

maybe it even rents for even more and they soon find out that it doesn't make money.

You know, when you factor in vacancy and evictions and repairs

and, you know, just all these different costs

that happen along the way,

even if you got a big portfolio, you know, 50 units, a hundred units, it's like,

man, this does not make what I thought it would make. And we're really like just a few vacancies

or a few big major repairs away from being negative.

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