ilmscore | Prediction Details
"option number two is you invest in real estate now you're going to go out and buy a property maybe it's a house maybe it's an apartment complex maybe it's an office building if that's something you're into maybe it's a retail building maybe it's a mixed use building maybe it's a storage building you're going out and you're buying this property but you're not buying it to live in or use yourself you're buying it to rent out to somebody else so now you buy this property you rent it out to somebody else maybe they'll live in or use this property and then in exchange for them living in and using a property they pay you rent 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"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 00:11:33 - 00:12:24
Interpreted Prediction
Real estate can generate cash flow through rental income. The key is to ensure rental income covers all associated costs (taxes, insurance, maintenance, management, vacancies, debt) and leaves a profit each month.

Prediction Details

Topic
Real Estate Cash Flow

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