How much my 268 Rental Properties Make Per Month!
youtu.be
In this YouTube video, the speaker discusses their cash flow formula for their 268 rental properties. They explain that cash flow is important for buying and maintaining properties without coming out of pocket, but it is not the only way to create wealth through real estate. The speaker mentions that they make around $8,000 per month from their rental portfolio, but only a small portion of it is from actual cash flow. The biggest expense in their cash flow formula is the mortgages they pay on their properties, but they were able to purchase them without using their own money by using private and hard money lenders.
The speaker emphasizes the importance of having the right insurance for rental properties, sharing a personal experience of a flood that cost them $150,000 out of pocket because they did not have flood insurance. They stress the need to be properly insured without being over-insured and to set aside money for property taxes and maintenance every month.
The speaker also discusses the importance of setting aside money for future expenses such as maintenance and vacancies. They advise setting aside a certain amount of money every month for each rental property, such as $150 for single-family rentals and $75 for apartment complexes. This money is not used every month but is instead saved for future expenses. The speaker provides an example of their cash flow formula, which includes setting aside 5% of the monthly rent for vacancies and 10% of gross rent for property management.
Overall, the speaker emphasizes the importance of discipline and planning ahead in managing rental properties for long-term wealth creation through passive income, appreciation, and debt paid down.
In this YouTube video, the speaker discusses their cash flow formula for their 268 rental properties