Owning rentals has been the preferred choice for cash flow. Rentals are a lot more passive of an investment than the other real estate strategies but not entirely. While a lot of people have the understanding that once you get it rented you’re done, we’re here to tell you that there’s a little more to it than that. Owning positive cash flowing rental properties is not only a great way to build wealth but also a great way to protect and preserve it. What we want to share with you is how not only we buy rentals but how it is that all our investors have been able to start from not owning any rentals to owning over 6 rentals their FIRST YEAR!
Passive cash MUST be one of your goals in your investment life. This allows for you to eventually retire knowing that you’re going to have a check in the mail every month regardless of how much work you do. When you buy a rental, you need to fully understand the conditions of the property as it currently sits to prevent any future unexpected expenses. What we mean by this is, many investors buy a property because they see the numbers and it makes sense but, a year or two down the line the AC goes out or the roof starts leaking and now you need to spend $5,000+ to fix it. With a monthly cash flow that you’re probably generating of $250/mo, this means it will take you roughly 20 months just to be back at even. This is of course if you haven’t suffered any vacancies in the process. So, let’s make sure that every rental you buy becomes the best investment for you.