How to Live Off Rental Income: The Real Estate Wealth Formula

"I want this noi to give me a 7% cash on cash return turn out my money meaning if I invest $100,000 in my own cash I want $7,000 worth of noi $7,000 worth the profit every year after paying for my expenses"

"I want this to be in an area where I believe the populations are growing where I believe businesses are moving too where I believe people are wanting to move too where I believe the money is moving too because that's going to help increase inrease the rental incomes in the future and also increase the property values"

"if you want $100,000 a year and you get a 7% return on your money you have to invest $1.42 million in order to generate that return"

"Take guess which one do you think is going to pay you the higher rates of return this one the value ad deals higher risk but also higher potential returns"

"what you'll see is that all three of these almost move always in Tandem and the reason why is because when businesses move into a certain neighborhood people have to work in those businesses and as people work in those businesses the money falls follows the people"

"I want to be investing in a neighborhood or a city where the populations are rising or at the very least staying the same I don't want to be investing my money into an area where people are moving out of because if people are moving out that means you have less demand for properties in the area"

"your property taxes might cost you around 15% of your monthly rental income your property insurance might cost you another 5% of your monthly rental income your maintenance might be around 8% your management another 8% and then vacancy another 8%"

"every year about one month of rent for vacancy one month of rent for your management fees one month of rent for your maintenance costs and then almost 2 months of rent for your property taxes and a little bit less than one months of rent for your insurance costs what does this translate to"