How to Retire in 3 Years from Rentals (5 CASH FLOWING STRATEGIES to Get You There!)
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- Опубликовано: 27 окт 2024
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#realestateinvesting #BrandonTurner #BeardyBrandon #FinancialFreedom #realestate
Making good money before you retire is super important. It can boost your social security benefit and give you a stronger retirement portfolio. Basically, the more you earn now, the better off you’ll be later
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. consulting a certified financial advisor can offered tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it’s earned through employment or investments
I totally agree. At 60 and newly retired, I’ve got about $1.25 million in outside retirement funds. With no debt and only a small chunk of my portfolio in retirement funds over the past three years, I see how crucial a financial advisor is
I had a similar thing happened. I had a Roth 401k for a while. I was getting ready to retire in 2020, so in late 2019, I moved it to a Roth IRA with a big brokerage. They said the 5-year rule start over, so by 2024, it’s all good. Also I moved a traditional 401k there too, but kept it secret from the Roth. My employer’s admin said I was the first to do just a Roth 401k transfer, so they had to update their system for it. Luckily it was quick. Goodluck with your situation!
This aligns perfectly with my desire to organize my finances. Could you provide me with access to your advisor?
Well I’m guided by JOSEPH NICK CAHILL
I’d cut out the music for these videos. It’s really not needed and kind of distracting
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I agree. Background music is super annoying.
Music in background distraction
I love this. It’s possible to do, but it’s important to give background: jobs, incomes, savings, down payments, 2 partners versus single person income, did you live on one income and save a second, expenses cut, etc. Play by play. That’s the real how.
We did it in 6 years by age 28 so its definitely possible!
That’s impossible
@@ryanthepianoman27 your mindset makes it impossible. You can literally make millions of dollars wholesaling real estate with no former experience if you just put in the work, show up everyday, and commit to it. Get good at finding discounted houses.
Music too loud and the microphone holding is ridiculously distracting lol
Great conversation, glad Brandon is back.
I missed Brandon so much. Welcome back brother! 🎉
Great episode thank you! I appreciated the guest discussing his weight loss and health discipline and tying it back to real estate disciplines. I wonder why so people are able to master the disciplines for health but not wealth and vice versa.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
This is interesting. I heard a lot about the same person not long ago, please how can I contact her?
Well the name is 'Evelyn Infurna'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
The music is distracting
Love how serious you look on the thumbnail, Brandon! LMAO! So incredulous
It’s wild how the first two strategies immediately laws got brought up
$120k per year pre-tax as your only source of income in 2024 is not going to provide you with a great quality of life. Nor is it going to have you with enough cushion for major life events requiring instant liquidity.
😊 can I get into this if I'm not working but have some $ saved up?
Great info. But what's an ok % to give to the investors for the 20% down? Or how do you calculate that so I won't get screwed in the process?
I'm interested in the mid or short term rentals.
Thank you.
This is gold 🔥
Wait a minute, did he say he scaled to 3,000 units in 3 years?
MFUs.
Not sure where this pod is going but I thought you and Ryan Pineda thought freedom from cash flow was a joke now . Kind of seems like this is gonna be saying it is possible again . Like what the stuff you used to teach said .
Please explain where you can buy a property in USA for 40k where you won’t get shot getting the mail.
Owner occupy 5% down on a 4-500k duplex
I’m just wondering if someone moves out or u need to do home repairs
Yea try that strategy now
Is there a 6 month plan 😅
Why do you play music through your videos?
I like some of your content but that music-really distracting
I always follow your videos but I noticed that your video quality is very good, but due to some problems your videos are not increasing views & subscribers. Working on issues will increase views & subscribers.
please share what sober living organizations will run it for me.
You should listen to the episode of the podcast with Megan & Jeff Ahern :) They talk all about it
Uhhh, David Greed would like a word with you after he just trashed Michael Zuber from One Rental at a Time for talking about retiring early with cash flow 😏
😂
😂
With potential downturn of the economy, if the rents are coming down, and the market value of the houses goes down, if there’s not much equity in the houses, isn’t there a concern of underwater?
Not according to these people. These are all pie in the sky, right place at right time stuff. They bought during pandemic and took advantage of the appreciating market. You know what they say, what goes up comes down-it’s a bubble.
Interesting, how do I go about it? I am still a newbie in this investment trading.I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a mentor to keep you accountable. I suggest Miss Hattie Glover is extremely good on that. She is really good at what she does, Now I can pay so many bills because of her help.
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
Yeah, I believe investing with a professional is the optimal approach, as it mitigates the risk of significant losses.
WOW!!! You know her too? I'm also a proud beneficiary of her platform
Her platform is wonderful and her services are exceptional
Starting with $0 and BRRRR $120k debt/house x 50 houses = $6M in total debt. My wife ain't gonna listen to 3 minutes of this!
I'm invested in Shell stock so I guess using your door count method I own 50 refineries. The door count is so misleading. If I invest 100k into a 400 unit syndication its ridiculous to say I have 400 units. No you do not! Your door count is what you control, own, actively manage. Passive doors do not count in the "I have" equation. Get tired of hearing that term. Its to simple to use the correct phrase such as I own X doors, I manage X doors or im passive in X doors. Its simple, honest and no misleading. Big fan but had to critique that.
As a stock owner...you are an owner of all the refineries...just saying ol😅
@@LasVegasCollectibleswould be a little mid leading if people ask what I do and I tell them I own a bunch of refineries lol. But that’s how some real estate guys spin it. I describe my real estate portfolio as it is.
Background music is super annoying!
Anyone that wants to start a flipping business hit me up. I’m in Tampa and willing to relocate if the money is worth it. 10+ years flipping mobile homes and doing SFH remodels. I need something stable and if anyone has experience with flipping already we can collaborate and scale. You do the marketing and we do the work.
I’m 23 years old and just started full time work in June. I have no debt, paid off my car, and make 72k a year. I have roughly $10k in the bank and 0 investments thus far. I live in the Houston area and pay no rent because I’m living at home for the next 1.5 years. I’m fully aware my situation is quite ideal so I’m really wishing to capitalize by investing in real estate early. How would any of y’all recommend I start my real estate journey? I’m currently reading all of the books by guys like Brandon Turner and David Greene so I’m slowly building that foundation
You're in a perfect spot to save a down payment and house hack a quad. That gives you 3 units and a home as soon as you move out of your folks place.
@@soundsnags2001 I definitely want to house hack when I move out. Im currently single but even if I find someone and get married, I still want to pay no rent for as long as possible. Is there a reason I should house hack a quad instead of a duplex? A quad seems intimidating for my first investment.
@@soundsnags2001 I definitely want to house hack when I move out. Is there a reason why you said fourplex instead of duplex?
@@si9007 over the years most people will benefit from the extra 2 units
@@si9007more units. Easier to pay the full mortgage getting 3 rents vs trying to cover it with only 1 rent. But you have to find a good deal either way
How do you know if a neighborhood is class A,b or c??
Chatgpt
Some good rules of thumb...
- A class neighborhoods appreciate faster. Check the zestimate history for a fast easy idea on that.
- What is the nearest school graded on betterschools? The higher the grade the better the neighborhood.
- is it a high rental area? Check how many rentals are available nearby. A class neighborhoods should not have many.
Thats what she said😂
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Belinda Owens .
I'm surprised that you just mentioned Belinda Owens here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Belinda Owens has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm new at this, please how can I reach her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
Excellent Brainstorming session. The elevator music in the background was a nice touch.
lose the crappy background music boys...it's hideous
Real estate investing can be a path to financial freedom, but the journey is just as important as the destination. Success in this space isn’t about ruthless deals or cutting corners; it’s about finding opportunities that align with your values and contribute to the greater good. When you invest with heart and purpose, you're not just building wealth-you’re building a future that reflects your best self.
Well said!
No it’s not.
this is not so hard.....thats what she said to Brandon
Really wanted to watch this but can't stand that music... gosh... so annoying.
lol we did away with the music on future videos! Got you :)