are great. Yet, most don’t need to do anywhere
near that. Every deal is different. But if you could
make $5,000 wholesaling a property, or $50,000
flipping a house, or $500 a month on a rental,
how many would you really need to live well?
Two wholesale deals a month would make
you over $100,000 per year. Rehabbing and
flipping a house every 2 months could pocket you
$300,000 per year.
Ten modest rentals could give you $50,000 in
passive income per year. Or you could loan your
capital to some good house flippers as a private
lender and make 10% returns, and beat the pants
off the performance most are getting in the stock
market.
* MYTH 3: You Should Focus on
Building the Biggest Stash of Cash
Having big figures on your bank statements,
a six-figure 401(k) balance, and a home safe
stuffed with cash might make you feel great.
There are definitely benefits of having liquidity
and some serious reserves. Yet, no matter how
much you’ve got, you can burn through it fast.
Check out the stats and you’ll find the average
retirement account balances dives around 50%
within the first five years of retirement. Today
we’ve got to be prepared to live 30 plus years
after retirement age. We also need to be pre-
pared to survive and provide, even if we can’t get
up and go to work tomorrow. Ongoing passive
income streams are far more valuable than
cash in the bank.
I’d rather have just $100,000 in the bank
and $100,000 in perpetual annual income
from rentals, than having $1M in the bank,
and no passive income sources.
Realty411Guide.com
* CREATING A BATTLE PLAN *
Whether you need $70,000 or $700,000 a year to
life comfortably and afford the lifestyle you want and to
sustain it, you need a plan. If you are starting out with
nothing, then you may need to start with wholesaling,
and then move up to fixing and flipping, and then invest
that capital through private lending and acquiring in-
come producing rentals. Or maybe if you already have
some capital or properties, you just need to restructure
your portfolio to optimize your cash flow and wealth-
building potential.
It doesn’t have to be that complicated or confus-
ing. It can take work and hustle, but if you are pas-
sionate about your goals, you
can achieve them through real
estate. It’s all about having a
plan that’s right and that works
for you.
That’s what I do. I help inves-
tors, from brand new beginners
to those with established portfo-
lios, to create a straightforward
step-by-step battle plan to get
where they really want to go, in
a way they can stick to.
If you are not sure exactly
what the right way to start is, or
if you are getting the most out
of your investments, then visit
www.BlackBeltInvestors.com
and setup a free strategy session, with me, and
I’d be glad to show you how I’ve helped thou-
sands of others get on the financial path they
always dreamed of. v
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