Passively Making 6 Figures In Real Estate Starts Right Here - Terrica Smith (ENTREPRENEUR'S Q&A)

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 7 January 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

#entrepreneur #smallbusiness #podcast #howto

JOIN THE PROPERTY CHALLENGE TODAY!!!

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Terrica Lynn Smith talks about the difference between building a stream of income and buying a stream of income. Both are beneficial, but which one will set you on a course of being paid passively for decades. Terrica got her start in real estate by investing $5,000 into her first rental property. Now, she owns hundreds of properties. This can be you as well. Joining The Property Challenge can help you get started on reaching your real estate investment goals. This challenge is well worth the investment.

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Transcript

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0:00.0	It's not about just $50,000.
0:02.9	Let's say the property is $25,000.
0:05.9	And I'm talking in different markets
0:09.8	and different strokes for different folks.
0:11.3	But let's just say you find a profit for $25,000.
0:14.0	You have to fix it up and it's another $25,000.
0:16.8	You end to it for $50,000.
0:18.6	But it's worth $100,000.
0:21.6	So technically speaking, you took that $10,000
0:25.7	and now you have $100,000.
0:27.8	Do that make sense?
0:29.2	Because the equity that you created from fixing it up,
0:32.7	although you all end for $50,000, it's worth $100,000.
0:36.7	So that $10,000 can go very far if you invest it.
0:41.2	So you take that money, the equity from it,
0:43.9	and then you go buy more real estate.
0:46.6	But you started with $10,000.
0:48.7	All right, cool.
0:59.4	So we know who's in the room.
1:01.6	We've got our resident real estate expert.
1:05.3	You're our resident real estate expert.
1:06.9	I like that name, resident real estate.
	...

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