4.8 • 2.1K Ratings
🗓️ 4 January 2025
⏱️ 11 minutes
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0:00.0 | There are people who have lots of rentals, but they've owned them for 30 years. |
0:02.3 | Yeah, yeah. |
0:02.6 | I mean, all the people who have built your rental portfolio, if they started in, like, let's say, 2001 or 2008, |
0:07.8 | now they have the cash flow because of, like, the appreciation or, like, the rents increase, |
0:11.7 | and they still have, like, all that equity, et cetera. |
0:13.9 | But if you start today's market, your opportunities for cash flow as rentals are a lot more limited. |
0:19.5 | Yeah. And I think it comes down to just realizing what a rental really is for. |
0:23.3 | I mean, at the end of the day, it's for all the things we just mentioned. |
0:26.8 | Like in the next decade, the next two decades, it's going to be worth significantly more. |
0:32.2 | You're going to pay it down and maybe you own it free and clear. |
0:35.6 | And rents will go up and you will get a tax write-off. |
0:38.3 | All of those things make it great 20 years from now. |
0:42.4 | So it's like a piggy bank. |
0:43.8 | Yep. |
0:44.1 | It's like you're saving for the future, but for your immediately daily, yearly needs now, |
0:48.4 | it's not the same, I guess, product that it was, let's say, like 20 or even 15 years ago. |
0:52.4 | Right. |
0:52.8 | And that's my point is that people need |
0:55.4 | actual cash flow in their bank account today that's how you actually live and survive and |
1:02.5 | live a cool life and dude i'm not trying to live a cool life 20 years from now i'm trying to enjoy my |
1:07.7 | life today i'm young okay i'm 35 right now i'm not trying to wait till i'm 55 to enjoy my life today. I'm young, okay? I'm 35 right now. |
1:14.4 | I'm not trying to wait until I'm 55 to enjoy my life. |
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