ilmscore | Prediction Details
"The goal is to be done in 90 days in and out when you bought this property as an investor I going buy this property for $200,000 my goal will now be to rent this property out for say $2,000 a month my goal here if I bought this property all cash it will be to take the $24,000 I'm making a year $2,000 a month time 12 $24,000 a year and only spend about $110,000 a year in expenses that will be $144,000 a year in profit that's coming in year after year after year without me having to do anything because it would be a more passive investment because I would hand over the keys to a property manager and then my goal will be to hold on to this for as long as possible maybe I could sell it in a few years but at the very least holding it for at least a year but really the goal is to buy it and hold it that way you can make cash flow month after month after month year after year after year"
By Minority Mindset | July 8, 2024 | Pending
From video
Why I Am Not A Real Estate Flipper 00:00:33 - 00:01:28
Interpreted Prediction
Real estate investing (buy and hold for rentals) is a more passive strategy aiming for long-term cash flow and wealth growth, unlike flipping which is an active, short-term income-generating business with higher risks and taxes.

Prediction Details

Topic
Real Estate Investing vs. Flipping

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