Can You Replace Your Six-Figure Salary with Real Estate Investing?

If someone with 400k set aside and 2mil in equity cant do it and needs to keep a job idk how you can give any hope to the average joe of retiring from real estate

Regarding appreciation, there’s a big difference between owning a property outright appreciating 3% per year and having leverage on the property when you only had to put 20% down and you still get the 3% appreciation on the total value.

I live in new zealand but love your guys work and banter, always interesting....! Thank you!

On checking the neighborhood, i would add the mail carriers. They walk through same neighborhoods and see alot!😂

Best advice just do it and figure it out as you go

Tech job market is a complete blood bath. I've been partially employed for the past year and have applied to several hundred jobs. I'll also be unemployed by July. Problem with real estate is that the easy money has stopped, so it's much harder to operate full time in real estate and make 100k+. However, "earning" being a real estate investor is bit of nonsense. Did you earn it Rob, before you jumped in? How does someone even answer that?

Big cities often open data portals where you can download the data or police departments may provide it on request.

You guys are hilarius ! I could not stop laughing watching this video.😂😂Alot of things said was definitely true. Thanks guys.-Lisa

You should keep it but you need to trim & shape it. Its giving off homeless vibes.

First of all, if I lived in the Bay area and I was losing my job.I would sell everything and move to the mid west where you can actually make cash flow from these properties therefore limiting your risk. Just think about it if you only did the 1% rule. And you have 2 million dollars incash. You could literally make it over $250000. A year. easy! and growing your equity

One small addition to what you all said . If your spouse has reps you can take the real waste depreciation and use it against your w-2 income Wich doesn’t have to be from a real estate source . But as you all said that does require restructuring one spouse into real estate professional status

The guy with $2.4m in equity, $400k in savings and $750k in 401k hasn't earned the right to be a real estate investor and needs to find another job 🤦‍♂️

Dude just told a millionaire who wants to invest in realestate "go get a job" and that's hilarious to me. Hahaha! What are we working for if it's not to retire with realstate and spend time doing things we love. When is enough enough? Lol I say buy a nice home in a steady market cash and then live off the income until retirement age. At retirement age, use the 401k. & the world is HUGE. Move to Somewhere more affordable like France or Colombia and fly into San Fran any time you want. Because you're retired! Many places will even grant permanent residence and passport options for someone like him to invest there. So much advice this guy could have gotten other than "get a job" lol but great show!

Go into eateries and the servers where they would buy a house.

what about spousal income for real estate professionals? E.g. wife is a high earning physician while husband is a real-estate professional. Can real estate loss/depreciation offset the wife’s income?

Hi sir, thanks for the session. Are pre construction branded hotel apartment residences worth the investment . Say like wyndham grand residence. With profit sharing option from income from all the apartments and hotel infrastructure ? City center location in capital city Tbilisi for 170k$. Thanks

DON'T SHAVE THE BEARD. Unless you don't want it anymore. But if you want a full beard, just trim the thinnest parts off every couple of months. The fast growing hairs need to be slowed down so the slow growing hairs can be at the same level and fill things in.

Hey Dave, that beard he's gotten tali ish bro. Just sayin.

Casserole count! Lol

Love the content and how you bounce things off one another! I'm always learning something new. But lets get serious about that beard... It doesnt match your head and makes you look facially bottom heavy. I'm a huge fan of the 5 o'clock shadow or some goatee happening but the food saver has got to go. Ps. If you are convinced, please get my husband to do the same! He's headed toward the Gandalph look... I can't even. Nothing but love for you guys! Thanks again for sharing that wisdom!