If you loved $SBUX at $100 per share?

You’re going to really love it at $74 per share.

This is why we just buy & hold $VTI☕️

Unpopular opinion:

Index funds are not the best option for those who want early financial freedom.

To have $48,000 per year you would need to have $1.2 million in the stock market.

A part time lifestyle business + small rental portfolio is likely better for most people.

If you had rental portfolio that did $1 million a year of revenue?

Your cash flow would likely be ~$280,000 per year.

Could you live on $280,000 per year of semi passive income?

The best side hustle of 2024?

Amazon FBA.

And it’s more simple than you think…

Here’s the blueprint:

We own 11 rentals and all of them are within 10 miles of this grocery store.

There is also a Starbucks across the street from this grocery store.

Happy May 1st.

Rent's Due💰

If we received $300,000 today we’d put it into a high yield savings account.

We’d collect $15,750/yr of interest as we wait to find ways to turn $300,000 into $600,000 or even $900,000.

What would you do?

Where have home prices increased the most:
1. Anaheim, CA: 25%
2. New Brunswick, NJ: 15%
3. Detroit, MI: 14%
4. West Palm Beach, FL: 13%
5. San Jose, CA: 13%

What do you notice?

The real estate market is on fire right now.

We see multiple offers, people paying above asking & not caring at all about 7.5% interest rates.

Not sure when prices will come down again.

When you rent you might be paying $1,500-$2,000/mo.

When you own might be paying $2,000-$3,000/mo but also $5,000-$10,000/yr of repairs.

Owning a home is not for everyone & for anyone who says renting is throwing money away?

They're wrong.

I would rather have a $500,000 net worth and $8,000/mo of cash flow.

Than a $1 million net-worth but I am stuck a job all day because my wealth is locked up in a home and 401k for 30 years.

What would you rather have?

We could make $875/mo and have it be 100% passive by putting $200,000 in a high yield savings account.

This is how millions of people are thinking about & managing their money right now.

Hot take: Don't buy a single family home as your first house.

Buy a 2-4 unit home, use 3.5% down & a 30 year loan. Live for cheap or FREE. Pay off any consumer debt & stack cash.

Then when you want to buy your dream home? You now have cash flow to help pay for it👌🏻

In 2019 the median home owner had $80,000 of equity.

By 2022 that number was $250,000.

It pays to buy & hold real estate 🏡

We have a 30 year mortgage at 2.8%.

It would be foolish to pay that off when we can get 8-10% long term in the stock market.

That mortgage feels like an asset.

States with the highest rates of poverty:
New Mexico: 18.2%
Mississippi: 17.8%
Louisiana: 16.9%
Arkansas: 15.9%
Kentucky: 15.8%

What do you notice?

Let’s say you had $23,000 in the bank.

But you also have a $23,000 car loan at 6.4%?

Would you invest your money in the stock market or pay off the car?

Flipping houses won't make you rich.

You get rich from putting money into things that go up in value & produce income.

Flipping is a job, buying and holding real estate is investing.

A good 9-5 job that pays $100,000/yr with full health benefits, employer match + 3 weeks of paid time off?

This can be an amazing way to build wealth & gain early financial freedom.

...Especially if they live on $60,000 per year.

We’ve been in real estate for almost 7 years now.

When it comes to buying 2-4 unit properties located in good neighborhoods with affordable rents?

I don’t think I’ve ever been more bullish than I am right now.