How many rental properties will produce enough cash flow to live off of?
This is a great question because most people think that owning rental properties is a good thing. Rental properties are for suckers (okay so maybe uninformed is a better word choice). Instead learn to create real estate mortgages, write creative contracts, master creative financing or have rental properties managed in bulk. The banks gets rich from your property with very little interaction and management. You can’t become wealthy if you have to do things like fix a toilet or worry about the hot water heater every other night. Learn ways around having to dedicate your personal time and efforts towards managing properties. For instance, if you purchase a home and your total payments are $1000/month and you rent that property for $1100/month you receive a total positive cash flow of $100/month. You are still liable and you will have to manage any ongoing issues with the home. If you sell that same home under creative financing terms and you hold paper as a 2nd lender, you can make the sa
