are great . Yet , most don ’ t need to do anywhere near that . Every deal is different . But if you could make $ 5,000 wholesaling a property , or $ 50,000 flipping a house , or $ 500 a month on a rental , how many would you really need to live well ?
Two wholesale deals a month would make you over $ 100,000 per year . Rehabbing and flipping a house every 2 months could pocket you $ 300,000 per year .
Ten modest rentals could give you $ 50,000 in passive income per year . Or you could loan your capital to some good house flippers as a private lender and make 10 % returns , and beat the pants off the performance most are getting in the stock market .
* MYTH 3 : You Should Focus on Building the Biggest Stash of Cash
Having big figures on your bank statements , a six-figure 401 ( k ) balance , and a home safe stuffed with cash might make you feel great . There are definitely benefits of having liquidity and some serious reserves . Yet , no matter how much you ’ ve got , you can burn through it fast .
Check out the stats and you ’ ll find the average retirement account balances dives around 50 % within the first five years of retirement . Today we ’ ve got to be prepared to live 30 plus years after retirement age . We also need to be prepared to survive and provide , even if we can ’ t get up and go to work tomorrow . Ongoing passive income streams are far more valuable than cash in the bank .
I ’ d rather have just $ 100,000 in the bank and $ 100,000 in perpetual annual income from rentals , than having $ 1M in the bank , and no passive income sources .
* CREATING A BATTLE PLAN *
Whether you need $ 70,000 or $ 700,000 a year to life comfortably and afford the lifestyle you want and to sustain it , you need a plan . If you are starting out with nothing , then you may need to start with wholesaling , and then move up to fixing and flipping , and then invest that capital through private lending and acquiring income producing rentals . Or maybe if you already have some capital or properties , you just need to restructure your portfolio to optimize your cash flow and wealthbuilding potential .
It doesn ’ t have to be that complicated or confusing . It can take work and hustle , but if you are passionate about your goals , you can achieve them through real estate . It ’ s all about having a plan that ’ s right and that works for you .
That ’ s what I do . I help investors , from brand new beginners to those with established portfolios , to create a straightforward step-by-step battle plan to get where they really want to go , in a way they can stick to .
If you are not sure exactly what the right way to start is , or if you are getting the most out of your investments , then visit www . BlackBeltInvestors . com and setup a free strategy session , with me , and I ’ d be glad to show you how I ’ ve helped thousands of others get on the financial path they always dreamed of . v
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