Rent doubles every 10 years. Your mortgage payment doesn't. 🤯
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I buy a property today and the payment's $2K, I rent it for $2,400.
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Fast forward 10 years, my payment is STILL $2K, but that rent? $4,500.
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Multiply that across every door I've bought in the last 5 years and the cash flow gets stupid. Wait 5 more and we're talking a million a month.
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When I flip, I might make $500K and hand 40% to the government. 🤢 You made 50 to keep 30??
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When I make money on rentals, it does the OPPOSITE. It shelters my income and helps me pay LESS in taxes.
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Comment "CHANNEL" for more real estate cheat codes on Youtube.
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#realestate #fixandflip #rentals