Real Estate Entrepreneur | Don't Live On Cash Flow!
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According to the speaker, relying solely on cash flow from rental properties is not a good strategy for growing and scaling your real estate business. Instead, it is important to have both active and passive income streams. The active income can come from a job or from flipping and wholesaling real estate. This active income can be used to cover daily expenses and to invest in more rental properties for long-term passive income and wealth creation. The speaker suggests keeping the cash flow from rental properties on the side for future expenses and to avoid dipping into it for active income needs. By doing both active and passive income streams, investors can achieve their financial goals and scale their real estate business.
According to the speaker, relying solely on cash flow from rental properties is not a good strategy