WIP 1123: The Fastest Way to Generate a Million Dollars Per Year in Passive Income
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 11 January 2023
⏱️ 16 minutes
🧾️ Download transcript
Summary
If you're like many people, the idea of making a million dollars a year might seem like a pipe dream. But the truth is, it's not as far-fetched as you might think. With the right strategies and a little bit of hard work, it's entirely possible to use real estate as a tool that will generate MASSIVE income for you year after year.
Don't miss this opportunity to learn tips and strategies for achieving financial independence and creating a secure financial future for yourself!
Be sure to check out Brent’s TTP training program to get access to more his systems and strategies and to work with him personally.
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Show notes:
- (0:50) Beginning of today's episode
- (1:16) Owning real estate is a way to get you passive income
- (2:26) How much real estate do you need to own?
- (3:10) Investing in real estate will be broken down into residential, commercial, and investor
- (4:22) The blended amount that you will have to get to net a “million” per year
- (6:45) Build a business that will work for you
- (9:00) Are you focusing on building your business? That's where millionaires are made!
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Resources:
- Rich Dad Poor Dad by Robert Kiyosaki
- The CashFlow Quadrant by Robert Kiyosaki
- Statista.com
- Want to learn more? Check out our TTP training program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
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Transcript
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| 0:00.0 | You're listening to whole selling in episode number 1123 if I still buy 27 million dollars worth |
| 0:07.8 | of real estate. I get all of that, but I'm not getting all of my passive income from just real |
| 0:13.9 | estate. I'm getting it from being a business owner. It's so much faster. It's so much more |
| 0:20.3 | incredible in my experience. It's so much more rewarding. This is game changing information. |
| 0:26.1 | Guaranteed to raise your real estate wholesaling business with actionable steps you can take |
| 0:30.8 | immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:36.8 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for |
| 0:41.6 | success to enable you to duplicate their results. You're listening to whole selling ink. |
| 0:47.0 | The only show dedicated to making you a fortune in wholesaling. |
| 0:50.9 | You know, when you read Rich Dad Poor Dad, it changes the way that you think about real estate, |
| 0:58.7 | but it doesn't show you what you should do with it. We've all read this. What does this thing do? |
| 1:04.0 | What this thing does is it breaks our brain and it talks to us about passive income, right? |
| 1:11.2 | The point where you stop being a self-employed person, right? Going out there, you know, |
| 1:17.8 | making all the calls, going on the appointments, you know, getting these contracts signed, |
| 1:22.4 | either flipping them, holding them in your portfolio or assigning those deals, right? |
| 1:27.6 | It talks about, you know, the self-employed part of it, but then this book really brings us to the |
| 1:32.2 | investor and business owner side of things. And it talks about owning real estate as a way to get |
| 1:38.1 | passive income. And I always wondered about that, right? Because I've talked to probably, |
| 1:43.6 | I don't know, 1,500 real estate investors, incredible people like you, and I had the conversation |
| 1:50.0 | of, what's the ideal amount? Like net net bottom line after taxes. How much do you think, what is |
| 1:57.8 | the goal? Everybody says a million bucks, a million bucks for the year, $83,000 a month, |
| 2:04.5 | that is the goal for passive income. Like if I was just getting $83,000 wired into my account |
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