Realty411 Magazine The Best of Realty411 - Learn from Our Past Issues | Page 10
The Truth pg. 8
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 sixfigure 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 prepared 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.
* 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 income producing
rentals. Or maybe if you already
10
have some capital or properties,
you just need to restructure your
portfolio to optimize your cash
flow and wealthbuilding potential.
It doesn’t have to be that
complicated or confusing. It can
take work and hustle, but if you
are passionate 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 investors,
from brand new beginners to those
with established portfolios, to
create a straightforward stepby
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 thousands
of others get on the financial path
they always dreamed of. ♦