ilmscore | Prediction Details
"now the key here is this rent has to be enough to cover your property taxes your insurance your maintenance your management fees any vacancy costs and then if you have any debt cover that as well and then put some money in your pocket each and every month that's the right way to invest in real estate you have some people especially when you're in a very hot seller's market like we've been seeing when you're in a very hot sellers Market you will see investors go out who have a lot of cash just go and buy properties and say you know what I'm okay losing money every single month because I think this property is going to be more valuable next year so I'll be able to flip it for profit that's not the game that I play that's too risky that's too speculative because I have no idea where housing prices or real estate prices are going to be in a year I don't like to play that game what I like to do is I want to make sure I can make it profit in my cash flow every single month and just keep working to accumulate the cash flow I just want to keep stacking the cash flow because now I know okay this property is going to make me 250 a month if this property is going to make me 250 a month I gotta buy a second one for another 250 a month after 10 I get 2 500 a month coming in in profit after 100 I got 25 000 coming in in profit and now it's the game of just stacking cash flow and how fast can I stack that cash flow"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 00:12:08 - 00:13:24
Interpreted Prediction
A sound real estate investment strategy involves ensuring rental income covers all expenses (taxes, insurance, maintenance, debt) and provides a profit each month, prioritizing cash flow over speculative flipping.

Prediction Details

Topic
Real Estate Investment Strategy

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