With pensions becoming a thing of the past, what is one relatively steady income stream that will increase over time without having money in the stock markets? This is sort of a trick question because the answer is in the title, real estate. Yes, we understand this can be a bit of a hard and fast no for some people, but today, there are many ways to make it pretty low risk and quite rewarding.  

Did you know that over the last 200 years, 90% of the world’s millionaires were created using real estate investing1? So, all we have to do is get into the real estate game to get rich? Well, not exactly. But it is wise to diversify your income sources, and if it’s not already, real estate should be among them.  

In today’s episode, we’re going to walk you through how and why you should be building a real estate empire into your portfolio. 

That includes: 

  • How to get started with your first real estate investment. 
  • What types of loans should consider? 
  • Exploring split ownership opportunities with family members.  
  • The pros and cons of rental properties and turning homes into rental properties.  
  • A glimpse at multi-family properties.  
  • Even more critical, is how much equity you should have in all your rental properties. 

The best part about real estate? It’s completely accessible to just about anyone, but it’s typically not on most people’s radar. And if it’s not on yours, you are missing out. So, download a copy of our free Know Your Possibilities Guide [link] and press play. It’s time to diversify your income with real estate.  

P.S. Looking to meet with Richard or Angela? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Scheduled free 30-minute session and find the peace of mind you deserve for the rest of your life.

"I had a really good friend, that I trust, who's in the commercial, residential real estate market. And he said, Richard, you're blowing it, man. You should never have more than 25% equity in all those rental properties."

Did you mention “Guide” above? Why yes, yes we did. We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.

A Glance at this Episode: 

3:18 – Is real estate an essential part of a portfolio or not? Listen in as Richard and Angela discuss.  

6:43 – If real estate is so great, why not put all my money into it vs. stocks?  

8:40 – How do you get started in real estate? Who can truly afford to do so? Let’s discuss.  

10:33 – Wondering about loans? These types of loans can help you get your foot in the door and are pretty reasonable.  

12:34 – Have you considered split ownership with family members? You’ll want to hear this.  

15:57 – Considering rental property? Here are some things you’ll want to consider. 

27:03 – If you are renting and taking on extra debt, how do you mitigate that? Richard and Angela provide their insights.  

32:16 – Did you know this is how much equity you should have in rental properties at all times? 

 

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“I LOVE Richard, Angela, and A Place of Possibility Podcast!” Sounds like you? Then we hope you will consider rating and reviewing the show. Your support will help us expand possibilities and opportunities to more individuals and families out there like you who want to keep, grow, and enjoy their wealth. So follow this link, scroll down, and then click to select five stars and write a review. This show is all about YOU so tell us what you love and want to hear more of!

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Links/Resources Mentioned in this Episode:

Rental Cash Flow Spreadsheet

Fannie Mae  

Freddie Mac 

USDA Loans  

Reddit Forms for Landlords 

 

1 https://thecollegeinvestor.com/11300/90-percent-worlds-millionaires-do-this/

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