Busting 8 Real Estate Myths That Are Keeping You Poor
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The speaker debunks 10 common myths about real estate investing. The first myth is that cash is king, but the speaker argues that credit is more important for growing wealth quickly. The second myth is that tenants don't pay rent, but the speaker emphasizes the importance of treating tenants like people and being a responsible landlord. The speaker also debunks myths about needing good credit, a lot of money, or handy skills to invest in real estate. They argue that borrowing from private lenders, partnering with someone who has money, and hiring contractors can all be viable options. The speaker also discusses the myth that real estate investing is risky, but argues that with proper education and risk management, it can be less risky than other investments.
The speaker shares their own experience of spending a lot of time and effort at first, but eventually being able to spend only a few hours per quarter on their rental portfolio. They also share a success story of a student who made $90,000 on their first flip after being taught by the speaker. The speaker emphasizes that real estate investing is not a passive income stream and can take a lot of time and effort before becoming passive. They also offer to set up an LLC for free and provide a consultation with their experts. The video ends with the speaker encouraging viewers to subscribe to their channel, like the video, and share it with a friend.
The speaker debunks 10 common myths about real estate investing. The first myth is that cash is king