Rentals to Quit Your 9-5 Just Doesn’t Work

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Wholesaling Real Estate, Rental Property, Real Estate Investing, Investing, Business, Real Estate, Flipping Houses

2.5 • 884 Ratings

🗓️ 21 December 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Passive income" from rentals won't be enough to retire you from your W2 job...We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt--Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9Looking to grow ...

Transcript

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0:00.0	Well, I'm here to freaking expose these real estate investors out here selling these dreams,
0:06.6	so we're going to get to it.
0:08.0	So he's on a mission.
0:09.0	I'm on a mission to expose these people.
0:11.8	So we'll start off of flipping. So you said you flipped 300 houses a year.
0:17.9	Mostly whole so when I say flip I mean buy and sell so last year we did 3 12 this will probably do 250. So I would say we're probably going to wholesale about 180, probably maybe novate 20 and then actually flip like 50 or 60. So when I say flip it's just easier
0:35.1	it real estate investing but no we go though and a lot of them we close on even the
0:39.1	wholesale is to maximize so we we have 250 300 houses run through the turnstiles every year.
0:44.3	Got it. Okay, about 300 that you're flipping and then how many rental units did you say you have?
0:49.7	285.
0:51.3	285.
0:52.3	Okay. I don't know exactly. And then how much. 285. 285.
0:53.0	I don't know exactly.
0:54.0	And then how much cash flow does that bring in a month?
0:57.0	Not as much as you think.
0:59.0	I would say, I would say,
1:01.0	I would probably say like 40 grand maybe grand maybe okay on 200 what is that average
1:05.4	adored you know no probably like probably maybe a 150 maybe okay so and you know what you everybody wants the cash flow they want to buy
1:15.0	rentals for the cash and I've I realized it pretty quickly on and I tell all my
1:19.2	people pretty quickly on that buying rentals is not going to
1:22.5	like to quit your job.
1:23.8	You need active income on the side.
	...

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